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4215 Vineland Avenue, Studio City, CA 91602

Studio City
Local realty services provided by:CENTURY 21 Century Real Estate
4215 Vineland Avenue,Studio City, CA 91602
$8,450,000
  • 45 Beds
  • 45 Baths
  • 28,494 sq. ft.
  • Multi-family
  • Active
Listed by: kelly morgan
Office: houze real estate management323-852-1372
MLS#:26838789
Source:CRMLS

Price summary

  • Price:$8,450,000
  • Price per sq. ft.:$296.55

About this home

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...

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Home facts

  • Year built:1962
  • Listing ID #:26838789
  • Added:1 day(s) ago
  • Updated:May 27, 2026 at 12:30 AM

Rooms and interior

  • Bedrooms:45
  • Total bathrooms:45
  • Living area:28,494 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1962
  • Building area:28,494 sq. ft.
  • Lot area:0.92 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$8,450,000
  • Price per sq. ft.:$296.55

Parking

  • Total parking spaces:34
  • Parking description:Carport
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