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4215 Vineland Ave
Studio City, CA 91602 Studio City

$8,450,000 USD

Apartments For Sale  •  28,494 SF

Property Details

  • Property Type Apartments
  • Total Building Size 28,494 SF
  • Building Class C
  • Year Built 1962
  • Zoning LAR3
50 Transit Score
60 Walk Score

Highlights

Opportunity to own an upgraded asset in the heart of Studio at a 7.65% Cap Rate
20 Vacancies Ready to Renovate & Achieve Market Rents
Major Value Add: Potential to Build 12 ADUs (8 Detached & 4 Attached)
Additional Upside: 12 Occupied Units have 75%+ Upside in Rents
Huge Lot: Almost 40,000 square foot lot, zoned for 75 units by right
Very Walkable: 76 Walk Score, steps from the Local Metro Lines & 6 Minutes from Universal City

Public Transportation

Commuter RailDriveWalkDistance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 4.7 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 4.9 mi
AirportDriveWalkDistance
Bob Hope 10 min - 4.7 mi
Los Angeles International 34 min - 24.2 mi
Long Beach (Daugherty Field) 46 min - 33.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 34
Type: Covered
Included in Rent: Yes
Kelly Morgan 310-836-3638 Kelly Morgan Multifamily Group
Kelly Morgan 310-836-3638 Kelly Morgan Multifamily Group