4215 Vineland Ave Active Save Request In-Person Tour Request Virtual Tour
Studio City,CA 91602
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 $350
MLS Listing ID 25573909
Bedrooms 45
Year Built 1962
Lot Size 0.917 Acres
Acres 0.9175
Property Sub-Type Multi-Family
Property Description
Discover an exceptional investment opportunity at 4215 Vineland Ave, a 33-unit multifamily property in the heart of Studio City, CA. With 21 current vacancies, this property presents a rare chance to unlock substantial value through strategic lease-up and repositioning. The ability to construct eight additional Accessory Dwelling Units (ADUs) boosts the potential unit count to 41, offering an impressive 22% upside in unit count and revenue potential. Nestled in a highly desirable Studio City location just one block North of Ventura Blvd, this property benefits from strong rental demand, proximity to major entertainment hubs, and vibrant local amenities. The spacious lot and existing infrastructure provide a solid foundation for immediate cash flow and long-term growth. The seller is also offering the adjacent 10,592 SF lot, available together or separately, creating a unique opportunity for a large-scale redevelopment play. Combine both parcels to maximize value and capitalize on Studio City's thriving real estate market.
Location
State CA
County Los Angeles
Area Studio City
Zoning LAR3
Rooms
Other Rooms Pool House
Interior
Heating Central
Cooling Air Conditioning
Equipment None
Exterior
Parking Features Carport, Assigned, Attached
Garage Spaces 35.0
Pool In Ground
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard