$8,450,000
4215 Vineland Avenue, Studio City CA 91602
Multi-Family (32 Units)
Property type
10 days
On market
$297
Price per sqft
N/A
Garage
1962
Year built
39,954 sqft
Lot size
Open Houses
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...
Listing provided by: Kelly Morgan DRE #01898026 310-836-3638, Houze Real Estate Management
Listing updated: Jun 3, 2026 at 07:20am.
Last checked: Jun 3, 2026 at 08:00am
Source: CRMLS #26838789
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 6 | 1 | 1 | — | $1,443 | $8,658 | $14,970 | Unfurnished |
| 13 | 1 | 1 | — | $2,495 | $32,435 | $32,435 | Unfurnished |
| 4 | 2 | 1 | — | $1,540 | $6,159 | $11,980 | Unfurnished |
| 6 | 2 | 1 | — | $2,995 | $17,970 | $17,970 | Unfurnished |
| 1 | 2 | 1 | — | $2,142 | $2,142 | $2,995 | Unfurnished |
| 1 | 2 | 1 | — | $2,995 | $2,995 | $2,995 | Unfurnished |
| 1 | 3 | 1 | — | $1,734 | $1,734 | $3,995 | Unfurnished |
# of Buildings: 3
# of Units Total: 32
Financial Snapshot
Gross Rent Multiplier
9.6x
List Price / Annual Gross Rent
Cap Rate
6.62%
NOI / List Price
Net Operating Income: $559,657
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Exterior
Stories Total: 0
Levels: Two
Garage and Parking
Parking: Carport
Parking Total: 34
Lot Information
Land Lease: No
Parcel #: 2366019028
Zoning: LAR3
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 4215 Vineland Avenue, Studio City, CA 91602. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$6,760,000
Total Interest
$8,622,007
Total Payment
$15,382,007
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$51,680
per month
Property History for 4215 Vineland Avenue
Studio City Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91602.
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