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4215 Vineland Avenue, Studio City, CA 91602

Studio City
Local realty services provided by:CENTURY 21 Discovery
4215 Vineland Avenue,Studio City, CA 91602
$7,975,000
  • 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:$7,975,000
  • Price per sq. ft.:$279.88

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 $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...

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Home facts

  • Year built:1962
  • Listing ID #:26838789
  • Added:61 day(s) ago
  • Updated:July 27, 2026 at 10:52 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:$7,975,000
  • Price per sq. ft.:$279.88

Parking

  • Total parking spaces:34
  • Parking description:Carport
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Discovery is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Discovery, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, 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 California Regional MLS (Southern California) 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 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Stephanie Goedl

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