656 Indiana Avenue

Venice, CA 90291

  • 14 Bed(s)
  • 0 Bath(s)
  • 4,528 Sqft
  • 5281
    Sqft(Lot)
$2,999,999

Description

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 featured in the bottom three units with updated kitchens, gas ranges, and renovated bathrooms. with current total rent at over $15,800/month and projected rent potential of over $26,000 when the top units reach market rates, this is a compelling opportunity for investors looking to secure a well-positioned, income-generating asset in the heart of venice, just minutes to lax, the beach, and the city's trendiest dining, shopping, and nightlife.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Mid-Century Modern

  • AD ID

    50318033

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Property Details

  • Bedroom Information

    • Total Bedrooms : 14

    Bathroom Information

    • Total Baths: 6
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Interior Features: Ceiling Fan(s)
    • Property Appliances: Dishwasher,Refrigerator
    • Flooring: Carpet,Laminate

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1962
    • Building Area Total: 4,528

    Security Features

    • Gated Community

    Laundry Features

    • Outside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1212
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 5281

  • Listing Price Information

    • Original List Price: 2,999,999
    • Listing Contract Date: 2025-07-01

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 4239008014

  • Garage and Parking

    • Garage Description: Side By Side,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C11 - Venice
    • Postal Code Plus 4: 3073
    • Directions: North of Abbott Kinney Blvd, South of Lincoln Blvd, West of California Ave, East of Rose Ave
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C11 - Venice

    Building and Construction

    • Property Age: 63
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4528
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/06/2025 @ 22:47

  • MLS: 25555487
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 14 bedrooms which is for sale, it has 4,528 sqft, 5,281 sized lot, and 0 parking. are nearby neighborhoods.