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4215 Vineland Avenue, Studio City, CA 91602

$7,975,000 Approx. USD 45 beds, 45 baths
28,494 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Kelly Morgan | Kelly@KellyMorganCommercial.com
Lic#: 01898026
Broker: Courtesy of Houze Real Estate Management
Phone: 310-836-3638

Agent Remarks

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 estimated 8.28%.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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26838789

List price is $7,975,000 Reduced by $475,000 on 7/17/2026

Price: $7,975,000

Beds: 45

Baths: 45

Built in 1962

28,494 sqft

2 stories

0.92 acres

Lot size: 0.9172

County: Los Angeles

Zoning: LAR3

Parking description: Carport

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: STUD - Studio City

Last Updated: 8/24/2026

Days On Market (DOM): 161

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This listing belongs to the STUD - Studio City MLS area

Lat/Long: 34.145228, -118.370655.
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