Active

656 Indiana Avenue

Venice, CA 90291

$2,750,000 $11,594/Mo

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Overview

Bed

Bath

4,528

Sqft

5,281

Sqft(Lot)

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.

Property Details

Property Type : Residential Income

Price : $2,750,000

AD Id : 77794102

MLS Id : 26662795

Beds : 14

Lot Size : 5,281 Sqft

Living Area Size : 4,528

Year Built : 1962

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 14

Bathroom Information

Total Baths: 6 Full Baths: 0 Half Baths: 0
Interior Features

Interior Features: Ceiling Fan(s),Open Floorplan,Recessed Lighting Property Appliances: Dishwasher,Microwave,Oven,Range,Refrigerator Fireplace: None Flooring: Carpet,Laminate,Vinyl
Cooling Features

None Air Conditioning

Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1962 Building Area Total: 4,528
Security Features

Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Pool Features

None

Laundry Features

Common Area,Laundry Room,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: 2,750,000 Listing Contract Date: 2026-03-27
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4239008014

Garage and Parking

Garage Description: Assigned,Side By Side,Uncovered

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas

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: 64 Common Walls: 1 Common Wall Property Condition: Updated/Remodeled Year Built Source: Vendor Enhanced Total Square Feet Living: 4528 Property Attached: Yes Levels or Stories: One,Two Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3932 Glencoe Avenue, Venice, CA, 90291	$4,299,000	4	6	4,325	4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291	$2,495,000	--	--	2,947	2,947 SqFt
2478 Glyndon Avenue, Venice, CA, 90291	$1,850,000	4	2	2,807	2,807 SqFt
2040 Glencoe Avenue, Venice, CA, 90291	$4,748,000	4	4	3,800	3,800 SqFt
2445 Glyndon Avenue, Venice, CA, 90291	$4,650,000	5	5	3,950	3,950 SqFt
2477 Walnut Avenue, Venice, CA, 90291	$1,885,000	4	2	1,398	1,398 SqFt
1347 Palms Boulevard, Venice, CA, 90291	$9,600,000	4	4	3,872	3,872 SqFt
2036 Glyndon Avenue, Venice, CA, 90291	$4,995,000	5	5	4,275	4,275 SqFt
2452 Penmar Avenue, Venice, CA, 90291	$4,950,000	9	--	5,486	5,486 SqFt
1531 Glencoe Avenue, Venice, CA, 90291	$4,415,000	4	4	3,688	3,688 SqFt

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ByOwner last updated this listing 06/10/2026 @ 22:59

MLS: 26662795 LISTED BY: James Scott Suarez, Real Broker 619-663-8680 SOURCE: CRMLS