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… Read More 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. Read Less
Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500
Listing Snapshot
Days Online
26
Last Updated
Property Type
Other
Beds
45
Square Ft.
28,494
Lot Size
0.92 Acres
Year Built
1962
MLS Number
25573909
30 Days Snapshot Of 91602
$1.13M
-58%
(avg) sold price
6
-25%
homes sold
63
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
28,494 sq ft, Built in 1962, Levels: Two
Cooling
Air Conditioning
Disclosures
None
Garage
Carport, Assigned, Attached
Heating
Central
Lot
LotAcreage: 0.9175, LotSizeArea: 39,966
Parking
CoveredParking: 35, TotalParking: 35
Pool
PoolYN: True, In Ground
Property
NumberOfUnits: 33, OtherStructures: Pool House, Zoning: LAR3
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