4215 Vineland Ave, Studio City, CA 91602
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4215 Vineland Ave, Studio City, CA 91602
4215 Vineland Ave, Studio City, CA 91602
4215 Vineland Ave, Studio City, CA 91602
4215 Vineland Ave, Studio City, CA 91602
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Sharon Baluku

Sharon Baluku

+1(323) 381-0266
$ 8,450,000
Est. payment /mo
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4215 Vineland Ave Studio City, CA 91602

45 Beds

45 Baths

28,494 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 28,494 sqft

Price per Sqft $296

MLS Listing ID 26838789

Bedrooms 45

Year Built 1962

Lot Size 0.917 Acres

Property Sub-Type Multi-Family

Property Description

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 rent 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.

Location

State CA

County Los Angeles

Area Studio City

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Carport

Garage Spaces 34.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Houze Real Estate Management
Sharon Baluku
Sharon Baluku

Agent | License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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4215 Vineland Ave