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.
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Listing Snapshot
Price
$9,450,000
Days On Site
85 Days
Bedrooms
45
Inside Area (SqFt)
28,494 sqft
Total Baths
45
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.9175 Acres
Year Built
1962
MLS® Number
25573909
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
3 weeks ago
Price changed to $9,450,000
3 months ago
Listing first seen on site
General Features
Acres
0.9175
Attached Garage
Yes
Levels
Two
Number Of Stories
2
Parking
AttachedAssignedCarport
Parking Spaces
35
Special Circumstances
Standard
SqFt Total
28494
Zoning
LAR3
Interior Features
Heating
Central
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Exterior Features
Pool Features
In Ground
Community Features
MLS Area
STUD - Studio City
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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