1200 38th Street

About this home

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.