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$ 9,975,000
Est. payment | /mo
28,494 SqFt
$ 9,975,000
Est. payment | /mo
28,494 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 28,494 sqft
Price per Sqft $350
MLS Listing ID CL25573909
HOA Y/N No
Year Built 1962
Lot Size 0.917 Acres
Acres 0.92
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Fireplace No
Building
New Construction No
Others
Tax ID 2366019028
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Listed by Jacob Plewa • REMAX COMMERCIAL & INVESTMENT REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "