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4215 Vineland Avenue

Studio City, CA 91602
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Bed 45

Bed

Bath 0

Bath

SqFt28,494

Sqft

SqFt39,954

Sqft(Lot)

4215 Vineland Ave is a 32-unit value add multifamily opportunity on a huge lot in the heart of Studio City, offered at $8,450,000 by a motivated Seller. The property features 20 vacant units ready for immediate renovation that would achieve a 6 plus cap rate after estimated interior and exterior renovation costs. The remaining 12 occupied units have over 75% rental upside that could be unlocked over time as additional tenants relocate. The property also presents a compelling development angle: our architect designer has developed a site plan for adding 12 additional units that include 4 attached ADUs and 8 detached ADUs. The plan was developed with an emphasis on keep building costs low and retaining at least 33 parking spaces. The 8 detached ADUs would be exempt from city and state re nt control for 15 years. A preliminary bid from a licensed general contractor prices the construction of the 12 ADUs at $2,850,000, bringing the total unit count to 44 and the cap rate to an estimated 7.65%. This asset is in an excellent location. Only a 10-minute walk to Ventura Blvd and short distance to major studios such as Universal, Warner Brothers and NBC, tenants can enjoy a walking lifestyle with easy access to jobs, shops and restaurants. This is a rare opportunity to own a 32 or 44 unit that is almost completely upgraded in the heart of Studio City.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $8,450,000

AD Id : 79259848

MLS Id : 26838789

Beds : 45

Lot Size : 39,954 Sqft

Living Area Size : 28,494

Year Built : 1962

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 45

    Bathroom Information

    Total Baths: 45
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1962
    Building Area Total: 28494
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 39954 Lot Size Acres: 0.9172 Lot Size Source: Assessor Lot Size Square Feet: 39,954

  • Listing Price Information

    Listing Price: $8450000

  • Tax Information

    Parcel Number: 2366019028

  • Location Information

    Direction: The subject property is located on Vineland Avenue in North Hollywood, just north of Ventura Boulevard and between Aqua Vista Street and Acama Street, with convenient access to the 101, 170, and 134 Freeways.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
11156 Valley Spring Lane, Studio City, CA, 91602 $3,199,000 4 4 4,300 4,300 SqFt
4252 Fair Avenue #22, Studio City, CA, 91602 $449,900 1 1 599 599 SqFt
4217 Fair Avenue, Studio City, CA, 91602 $2,699,000 4 3 2,230 2,230 SqFt
4173 Fair Avenue, Studio City, CA, 91602 $1,825,000 7 -- 5,371 5,371 SqFt
4176 Klump Avenue, Studio City, CA, 91602 $2,295,000 4 4 2,735 2,735 SqFt
4427 Bakman Avenue, Studio City, CA, 91602 $1,265,000 2 1 1,047 1,047 SqFt
4317 Elmer Avenue, Studio City, CA, 91602 $4,796,000 5 7 5,415 5,415 SqFt
4209 Elmer, Studio City, CA, 91602 $4,495,000 5 6 3,984 3,984 SqFt
11357 Aqua Vista Street, Studio City, CA, 91602 $2,175,000 4 3 2,103 2,103 SqFt
4418 Farmdale Avenue, Studio City, CA, 91602 $2,295,000 3 3 2,872 2,872 SqFt

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ByOwner last updated this listing 08/16/2026 @ 19:08

MLS: 26838789 LISTED BY: Kelly Morgan, Houze Real Estate Management 323-852-1372 SOURCE: CRMLS

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