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656 Indiana Avenue Venice, CA 90291
$2,999,999 14 beds, 6 baths
4, 528 sqft
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25555487
List price is $2,999,999
Beds: 14
Baths: 6
Built in 1962
4,528 sqft
2 stories
0.12 acres
Lot size: 0.1212
County: Los Angeles
Property style: Mid-Century Modern
Zoning: LARD1.5
Interior features: Ceiling Fan(s)
Appliances: Dishwasher,Refrigerator
Parking description: Side By Side,Uncovered
Heating/cooling: None
Heating description: Wall Furnace
MLS area: C11 - Venice

Last Updated: 7/1/2025

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This listing belongs to the C11 - Venice MLS area

The style of this listing is Mid-Century Modern.
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Lat/Long: 33.996919, -118.467638.
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Listing Agent: Peter Jumrukovski
Co Listing Agent: Ron Anavim
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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