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4,528 sqft

$2,450,000

656 Indiana Avenue, Venice (los Angeles), Venice ( los Angeles ) CA, 90291

Price per sqft$541.08
Built in1962
Property size4,528 sqft
Property typeOther

Overview

Active

Listed Mar 27, 2026

Updated Jul 3

Situated just blocks from world-famous Abbot Kinney, this 6-unit property is a rare find in one of Los Angeles' most sought-after neighborhoods. The current owners have thoughtfully maintained and upgraded the building over their 10-year tenure, including new exterior paint and facade work, plumbing enhancements, and a new roof installed less than 10 years ago. Three of the six units, located on the ground level, have been fully renovated and are currently leased at strong market rents. The remaining units are leased to reliable, long-term tenants who are low-maintenance and consistently pay rent on time, offering immediate income stability with long-term upside potential. The unit mix includes (2) studios and (4) spacious three-bedroom apartments. The front courtyard has been transformed into a vibrant, gated entry space with lush ficus trees and custom planter boxes, offering a green, welcoming retreat for tenants. Additional highlights include onsite parking, a professionally managed income-producing laundry room, and stylish interiors in the bottom three units featuring updated kitchens, gas ranges, and renovated bathrooms. With projected rent potential exceeding $23,000 when the top units reach market rates, this is a compelling opportunity for investors to secure a well-positioned, income-generating asset in the heart of Venice, just minutes from LAX, the beach, and the city's trendiest dining, shopping, and nightlife.

$16,300/mo

Est. mortgage payment based on a $2,450,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CL26662795

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.12 Acres
MLS provider logo

Listed by James Scott Suarez, with Real Broker
Listing Contact: 424-425-3775 

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