$7,975,000
 $42,812 est/mo Sourced by Back At You

4215 Vineland Avenue,Studio City, CA 91602

Studio City, CA 91602

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Description

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.

Details

MLS #26838789
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1962
Days On Site171
Listing Provided ByHouze Real Estate Management | Kelly Morgan

Features

Bed(s)45
Bath(s)45
SQ Feet28,494
Car PortYes
Story(s)2
Units32
Building(s)3
ZoningLAR3
Acreage0.92

Interior

CoolingWall Window Units
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Parking

Parking FeaturesCarport

Area Information

StateCA
CountyLos Angeles
CityStudio City
Zip Code91602
AreaSTUD Studio City
Listing VS Median (in 91602)
Price:
$7,975,000
low | high
Med:
$694,000
100% of Average
sqft:
28,494
low | high
Med:
1,287
100% of Average
$ / sqft:
$280
low | high
Med:
$543
43.883408875917% of Average
On site:
171
low | high
Med:
17.5
100% of Average
Sourced by Back At You

Market Activity 91602

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityStudio City
Zip Code91602
AreaSTUD Studio City
Listing VS Median (in 91602)
Price:
$7,975,000
low | high
Med:
$694,000
100% of Average
sqft:
28,494
low | high
Med:
1,287
100% of Average
$ / sqft:
$280
low | high
Med:
$543
43.883408875917% of Average
On site:
171
low | high
Med:
17.5
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 1:29:02 AM PDT