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 StudioADU 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 SanFernando 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. Adjacent 10,592 square foot lot zoned R-3 is also available.