Studio City CA Multi-Family Real Estate, Homes for Sale

LOCATION, LOCATION, LOCATION! This beautiful Studio City Cape Cod home with TWO separate, one bedroom units is truly a unique property in this neighborhood. It sits in the prime, Footbridge area of Studio City. The larger house is approx 1800 sq feet, is a two story with 3 bedrooms & 2 and a half bathrooms. The other two structures are each one bed, one bath; both with washer/dryers and both with outdoor seating areas. This home is zoned for the award winning Carpenter school district. Private schools like Campbell Hall, Harvard Westlake and Oakwood School are close by. Just a two and a half block walk to the bustling Ventura Boulevard, where you will find coffee shops, restaurants and boutiques along the strip. A Tesla charger is installed under the permanent carport.

4323 Laurelgrove Avenue, Studio City

Listing courtesy of Listing Agent: Terry Burstein (terryiburstein@gmail.com) from Listing Office: Keller Williams Realty-Studio City.

$3,500,000

SR26138111 MLS

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.

4453 Colfax Avenue, Studio City

Listing courtesy of Listing Agent: Cricket Yee (Cricket@CricketTheRealtor.com) from Listing Office: Coldwell Banker Realty.

$3,500,000

16 Beds ⋅ 16 Baths ⋅ SR26137395 MLS

Fantastic rental 4-plex in an excellent Studio City location. Live in one and rent the rest! 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. * 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. * For owner-occupants, the property is located within the highly regarded Blue Ribbon Colfax Charter School District and is conveniently close to restaurants, shopping, entertainment, and houses of worship. Studio City remains one of the San Fernando Valley’s most desirable neighborhoods, offering easy access to Hollywood, central Los Angeles, and surrounding areas.

4453 Colfax Avenue, Studio City

Listing courtesy of Listing Agent: Cricket Yee (Cricket@CricketTheRealtor.com) from Listing Office: Coldwell Banker Realty.

$7,975,000

45 Beds ⋅ 45 Baths ⋅ 26838789 MLS

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.

4215 Vineland Ave, Studio City

Courtesy of Houze Real Estate Management, Kelly Morgan - CA DRE#01898026

$7,975,000

45 Beds ⋅ 45 Baths ⋅ 26838789 MLS

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.

4215 Vineland Avenue, Studio City

Listing courtesy of Listing Agent: Kelly Morgan (Kelly@KellyMorganCommercial.com) from Listing Office: Houze Real Estate Management.

$1,299,000

OC26095933 MLS

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.

4538 Tujunga Avenue, Studio City

Listing courtesy of Listing Agent: Julian Nan (julian@delreyresidential.io) from Listing Office: Del Rey Residential.

$1,825,000

7 Beds ⋅ 7 Baths ⋅ 26830889 MLS

4173 Fair Ave, Studio City

Courtesy of Tony Azzi, Tony Azzi - CA DRE#00910513

$1,825,000

7 Beds ⋅ 7 Baths ⋅ 26830889 MLS

4173 Fair Avenue, Studio City

Listing courtesy of Listing Agent: Tony Azzi (tazzi@theazzigroup.com) from Listing Office: Tony Azzi.

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Studio City Multi-Family Real Estate