Welcome to a trophy triplex in prime Studio City, located South of Ventura Boulevard and just down the street from Fryman Canyon hiking trails! Built in 1937 and beautifully maintained, this 2,505 sq. ft. property features 3 bedrooms, 3 bathrooms, and in-unit laundry. The property boasts a detached 3-car garage with strong ADU conversion potential, plus 1 vacant unit ideal for an owner-occupant or an investor looking to maximize cash flow with current market rents. Enjoy premier local dining, boutique shopping, and everything Studio City offers, along with effortless access to both the Westside and the San Fernando Valley.
Fantastic rental 4-plex in an excellent Studio City location. Built in upside with 5.7% cap rate! Built in 2022, this property features four spacious units, each offering 4 beds + 4 baths with modern finishes throughout. Low-maintenance ownership with flexibility for mid- or long-term tenancy. All units are separately metered, including trash. * As a newer building, the property is currently exempt from local and state rent control until approximately 2037. * 8 total parking spaces, including two EV charging stations, and numerous smart-home features, including keypad entry systems, smart appliances, HVAC controls, smoke detectors, and exterior security cameras, making remote monitoring and property management possible. Each unit offers central heating and air conditioning, as well as an in-unit washer and dryer. * For non-long-term occupancy use, two units and the common exterior areas are already equipped with guest-related signage, and one garage is currently reserved for owner storage. 3 units can be delivered vacant. The property may be purchased furnished or unfurnished, including selected maintenance equipment and supplies. Studio City remains one of the San Fernando Valley’s most desirable neighborhoods, offering easy access to Hollywood, central Los Angeles, and surrounding areas.
4215 Vineland Ave is a 32-unit value add multifamily opportunity on a huge lot in the heart of Studio City, offered at $7,975,000 by a motivated Seller. The property features 20 vacant units ready for immediate renovation that would achieve a 6.5% plus cap rate after estimated interior and exterior renovation costs. The remaining 12 occupied units have over 75% rental upside that could be unlocked over time as additional tenants relocate.The property also presents a compelling development angle: our architect designer has developed a site plan for adding 12 additional units that include 4 attached ADUs and 8 detached ADUs. The plan was developed with an emphasis on keep building costs low and retaining at least 33 parking spaces. The 8 detached ADUs would be exempt from city and state rent control for 15 years. A preliminary bid from a licensed general contractor prices the construction of the 12 ADUs at $1,350,000, bringing the total unit count to 44 and the cap rate to an estimated 8.28%.This asset is in an excellent location. Only a 10-minute walk to Ventura Blvd and short distance to major studios such as Universal, Warner Brothers and NBC, tenants can enjoy a walking lifestyle with easy access to jobs, shops and restaurants. This is a rare opportunity to own a 32 or 44 unit that is almost completely upgraded in the heart of Studio City.
THOUGHTFULLY RENOVATED DUPLEX FOR HOME LIVING, RENTAL INCOME, AND MULTI-ADU OPPORTUNITY. Nestled in Studio City's historic Tujunga Village, this beautifully renovated duplex offers a rare chance to invest in one of the neighborhood's charming pockets. Enjoy your home (front or back unit) while subsidizing monthly mortgage payments with rental income from the other, or, rent both units out. PROPERTY INCLUDES 2 UNITS. Each unit features 2-bedroom, 1-bathroom designs that have been thoughtfully updated and equipped for comfortable everyday living. FRONT UNIT (4538 Tujunga Ave): 940 sq ft features a living room, in-unit washer/dryer, two-car side-by-side driveway parking, gas range/oven, refrigerator, dishwasher, and microwave range. It is currently tenant-occupied at monthly income payments of $3,060 with the potential for $3,700 a month in rent. BACK UNIT (4536 Tujunga Ave): 840 sq ft feels like a private retreat and features an expansive private rear yard, detached garage/storage, in-unit washer/dryer, dishwasher, refrigerator, gas oven/range, BBQ grill, and microwave range. MULTIPLE ADU OPPORTUNITY: Garage conversion plans for a 347 SF ADU were previously approved (May 2023) and can be resubmitted for streamlined city review. Potential for a second ADU in generous rear yard, subject to City approval. This duplex property offers immediate access to some of the area’s best shopping, dining, and cafés, including Aroma Coffee and Jon & Vinny’s. Erewhon, Trader Joe’s, and the vibrant Ventura Boulevard dining scene are all just minutes away. The property also enjoys close proximity to the NoHo Arts District, Toluca Lake, Sherman Oaks, Burbank, and Hollywood. With convenient freeway access and strong transit connectivity, Film and Television Studios, the Westside, and other major employment hubs are all within an easy commute. Zip code 91602.
Studio City is located in California.
