It's important to note that a specific coordinate like this doesn't point to a single exact location, but rather a very small area.
To find out exactly what is located at 38 degrees North and 120 degrees East, you would need more information, such as:
* What type of location are you looking for? (City, town, landmark, natural feature?)
* What is the context of your inquiry? (Are you planning a trip, researching something specific, or just curious about the location?)
With more details, I can provide you with a more accurate and useful answer.