4215 Vineland Ave - Apartments FOR SALE


Studio City, CA 91602
$9,975,000 USD
310-922-6124
4215 Vineland Ave, Studio City, CA for Sale
$9,975,000 USD
Apartments - FOR SALE
1/26
null | 5.14% Cap Rate

4215 Vineland Ave
Studio City, CA 91602


OVERVIEW

Jake Plewa with Taksa Investment Group, part of Re/Max Commercial & Investment Realty, is pleased to offer for sale 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.

FOR SALE DETAILS

PRICE

$9,975,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

33

PRICE/UNIT

$302,273

CAP RATE

5.14%

% LEASED

36%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21/ 33 UNITS TO BE DELIVERED VACANT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,796 SF

ZONING

LAR3

APN/PARCEL ID

2366-019-028

ASK ABOUT THIS PROPERTY

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.