1200 W 38th ST, Los Angeles, CA 90037
1200 W 38th ST, Los Angeles, CA 90037
1200 W 38th ST, Los Angeles, CA 90037
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$15,600
12 Beds
15 Baths
5,755 SqFt
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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Rent

Square Footage 5,755 sqft

MLS Listing ID 26648003

Bedrooms 12

Full Baths 15

HOA Y/N No

Rental Info 12 Months

Year Built 1905

Lot Size 5,227 Sqft

Property Sub-Type Condominium

Property Description

Exceptional Master Lease opportunity featuring a brand-new construction fourplex, fully vacant and ready for immediate operation. Ideally located in the heart of Los Angeles, just minutes from USC, the LA Memorial Coliseum, and major transportation corridors, this property is perfectly suited for student housing, shared living, or institutional rental strategies in one of LA's strongest demand submarkets. The offering includes four newly built units, each featuring 3 bedrooms and 4 bathrooms, with every bedroom designed as a private suite. Bright open-concept floor plans, abundant natural light, contemporary finishes, and in-unit laundry in all residences provide modern comfort and efficiency. Each unit also offers the potential to add a fourth bedroom, creating a clear value-add upside for increased revenue. All units are delivered vacant, providing maximum flexibility for an operator to implement multiple leasing strategies, including per-bedroom leasing, traditional unit rentals, or structured co-living operations under a single master lease. The property includes assigned parking, with six on-site parking spaces, a highly desirable feature in this high-density neighborhood. This is a rare opportunity to secure a new construction, low-maintenance asset under a master lease in a prime Los Angeles location with consistent rental demand, modern design, and strong income potential from day one.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Disposal, Microwave, Refrigerator

Exterior

Parking Features Community Structure

Pool None

View Y/N No

View None

Total Parking Spaces 8

Private Pool No

Building

Dwelling Type Townhouse

Entry Level Multi/Split

Architectural Style Contemporary

Level or Stories Multi/Split

New Construction No

Others

Pets Allowed Yes

Senior Community No

Tax ID 5037012010

Pets Allowed Yes

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Listed by Arash Pashaei Keller Williams Beverly Hills #02024961

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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