656 Indiana Ave, Venice, CA 90291
656 Indiana Ave, Venice, CA 90291
656 Indiana Ave, Venice, CA 90291
656 Indiana Ave, Venice, CA 90291
656 Indiana Ave, Venice, CA 90291
656 Indiana Ave, Venice, CA 90291
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$ 2,955,555
Est. payment | /mo

14 Beds

6 Baths

4,528 SqFt


Save
$ 2,955,555
Est. payment | /mo
Save

14 Beds

6 Baths

4,528 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 4,528 sqft

Price per Sqft $652

MLS Listing ID 26662795

Style Mid-Century

Bedrooms 14

Construction Status Updated/Remodeled

Year Built 1962

Annual Tax Amount $37,500

Lot Size 5,281 Sqft

Acres 0.1212

Property Sub-Type Multi-Family

Property 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 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.

Location

State CA

County Los Angeles

Area Venice

Zoning LARD1.5

Rooms

Other Rooms None

Dining Room 0

Kitchen Open to Family Room, Remodeled, Quartz Counters

Interior

Interior Features Recessed Lighting, Open Floor Plan

Heating Wall

Cooling None

Flooring Vinyl, Laminate, Carpet

Fireplaces Type None

Equipment Built-Ins, Dishwasher, Ceiling Fan, Range/Oven, Refrigerator, Microwave

Laundry Room, Outside, Community, Laundry Area

Exterior

Parking Features Assigned, Uncovered, Side By Side

Garage Spaces 4.0

Pool None

Amenities Available None

View Y/N No

View None

Building

Story 2

Architectural Style Mid-Century

Level or Stories One, Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Real Broker

Nearby Locations

Marvin Zayas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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656 Indiana Ave