RateMyAgentGo to search
Back 4215 Vineland Ave
Active

4215 Vineland Ave

Los Angeles CA 91602

45
45
34
28494 sq. ft.
39954 sq. ft.
Other
Currently for sale - view listing

Overview

4215 Vineland Ave is a 32-unit value add multifamily opportunity on a huge lot in the heart of Studio City, offered at $8,450,000 by a motivated Seller. The property features 20 vacant units ready for immediate renovation that would achieve a 6 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 $2,850,000, bringing the total unit count to 44 and the cap rate to an estimated 7.65%. 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.

Features

45 bedrooms
45 bathrooms
34 carspaces
28494 sq. ft. floor area
39954 sq. ft. lot size
Other

Property history for 4215 Vineland Ave

2010
Sold
$552,736
14 Sep 2010

Happy sellers in Los Angeles

~%

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 45 bedroom other properties in Los Angeles

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap