656 Indiana Avenue, Venice, CA 90291
Local realty services provided by:ERA Carlile Realty Group
656 Indiana Avenue,Venice, CA 90291
$2,495,000
- 14 Beds
- 6 Baths
- 4,528 sq. ft.
- Multi-family
- Active
Listed by:peter jumrukovski
Office:real broker
MLS#:25555487
Source:CRMLS
Price summary
- Price:$2,495,000
- Price per sq. ft.:$551.02
About this home
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.
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Home facts
- Year built:1962
- Listing ID #:25555487
- Added:94 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Bedrooms:14
- Total bathrooms:6
- Living area:4,528 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1962
- Building area:4,528 sq. ft.
- Lot area:0.12 Acres
Finances and disclosures
- Price:$2,495,000
- Price per sq. ft.:$551.02
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