Multifamily
4215 Vineland Ave.
4215 Vineland Ave, North Hollywood, CA 91602
Listing Price: $8,750,000
Investment Overview
4215 Vineland Avenue presents a rare opportunity to acquire a 32- unit value-add multifamily asset in the heart of North Hollywood, directly adjacent to Studio City.
Built in 1962, the property offers an immediate path to upside with 20 units delivered vacant and potential to convert a pool/rec room into a legal Studio ADU without the need for a build out. Additionally, investors can unlock the opportunity to add an additional 10 ADUs on the property per SB1211 (Buyer to verify). This is a phenomenal chance to execute a renovation program and stabilize at market rents without delay.
The surrounding neighborhood continues to benefit from substantial residential and commercial development, driven by its proximity to major entertainment employers, transit corridors, and the retail and dining amenities of the NoHo Arts District and Studio City. This central San Fernando Valley location supports strong tenant demand and long-term rent growth, making 4215 Vineland Avenue a compelling investment for both private and institutional operators seeking scalable value-add potential in a high-performance rental market.
4215 Vineland Ave.
Investment Highlights
- 32-unit + 1 non-conforming pool/rec room multifamily building built in 1962
- Pool/Rec Room which can be converted to a legal, Studio ADU (Buyer to verify)
- Delivered with 20 vacant units- immediate value-add lease-up potential: (19) 1 Bed/1 Bath (10) 2 Bed/1.75 Bath (2) 2 Bed/1.5 Bath Townhomes (1) 3 Bed/1.5 Bath (1) Pool/Rec Room
- Highly desirable North Hollywood location adjacent to Studio City. Strong rental demand fueled by proximity to major studios and employment center
- Walkable retail, dining, and entertainment in the NoHo Arts District, and easy access to the 101, 170, & 134 Freeways and Metro transit options
- Ideal for Investors seeking a scalable repositioning opportunity with significant upside potential
Exclusively Listed By
Financing By
Listing Price: $8,750,000
Investment Highlights
- 32-unit + 1 non-conforming pool/rec room multifamily building built in 1962
- Pool/Rec Room which can be converted to a legal, Studio ADU (Buyer to verify)
- Delivered with 20 vacant units- immediate value-add lease-up potential: (19) 1 Bed/1 Bath (10) 2 Bed/1.75 Bath (2) 2 Bed/1.5 Bath Townhomes (1) 3 Bed/1.5 Bath (1) Pool/Rec Room
- Highly desirable North Hollywood location adjacent to Studio City. Strong rental demand fueled by proximity to major studios and employment center
- Walkable retail, dining, and entertainment in the NoHo Arts District, and easy access to the 101, 170, & 134 Freeways and Metro transit options
- Ideal for Investors seeking a scalable repositioning opportunity with significant upside potential
Investment Overview
4215 Vineland Avenue presents a rare opportunity to acquire a 32- unit value-add multifamily asset in the heart of North Hollywood, directly adjacent to Studio City. Built in 1962, the property offers an immediate path to upside with 20 units delivered vacant and potential to convert a pool/rec room into a legal Studio ADU without the need for a build out. Additionally, investors can unlock the opportunity to add an additional 10 ADUs on the property per SB1211 (Buyer to verify). This is a phenomenal chance to execute a renovation program and stabilize at market rents without delay. The surrounding neighborhood continues to benefit from substantial residential and commercial development, driven by its proximity to major entertainment employers, transit corridors, and the retail and dining amenities of the NoHo Arts District and Studio City. This central San Fernando Valley location supports strong tenant demand and long-term rent growth, making 4215 Vineland Avenue a compelling investment for both private and institutional operators seeking scalable value-add potential in a high-performance rental market.
Exclusively Listed By
Financing By
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