Active

4215 Vineland Avenue

Studio City, CA 91602
Mark as Favorite
Bed 45

Bed

Bath 45

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 $7,975,000 by a motivated Seller. The property features 20 vacant units ready for immediate renovation that would achieve a 6.5% 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 rent control for 15 years. A preliminary bid from a licensed general contractor prices the construction of the 12 ADUs at $1,350,000, bringing the total unit count to 44 and the cap rate to an estimated 8.28%.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.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $7,975,000

AD Id : 79259848

MLS Id : 26838789

Beds : 45

Lot Size : 39,954 Sq. Ft

Living Area Size : 28,494 Sq. Ft

Year Built : 1962

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 45

    Bathroom Information

    Total Baths: 45
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • 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: $7975000
    Original 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.
Sell a home like this and save $478,001 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4252 Fair Avenue #22, Studio City, CA, 91602 $449,900 1 1 599 36,006 Sq. Ft
4217 Fair Avenue, Studio City, CA, 91602 $2,699,000 4 3 2,230 12,390 Sq. Ft
4173 Fair Avenue, Studio City, CA, 91602 $1,825,000 7 7 5,371 6,340 Sq. Ft
4176 Klump Avenue, Studio City, CA, 91602 $2,275,000 4 4 2,735 6,300 Sq. Ft
4209 Elmer, Studio City, CA, 91602 $3,698,000 5 6 3,984 6,752 Sq. Ft
4442 Farmdale Avenue, Studio City, CA, 91602 $1,995,000 3 2 2,041 6,754 Sq. Ft
4453 Colfax Avenue, Studio City, CA, 91602 $3,500,000 16 16 6,000 5,603 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/02/2026 @ 03:50

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

Homes around $7,975,000

Selling? Save $478,001 when you sell a home like this

Tour with a ByOwner Agent