656 Indiana Ave

Venice, CA 90291

$2,750,000
Price
14
Beds
6
Baths
4,528 Sq. Ft.
$607 / Sq. Ft.
4,528
Sq. Ft.
$607
per Sq. Ft.
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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...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.
  1. Listed by James Scott Suarez • DRE #01433992 • Brokerage DRE #01775213 • Real Broker

Property Details for 656 Indiana Avenue

Zoning
LARD1.5
Style
Mid-Century
Property Attached YN
true
Parcel Number
4239008014
Total Units
6.0
Living Area
4528
Source Living Area
Owner
Area
Venice (C11)
LISTING UPDATED: 05/20/2026 03:16 PM

Property Details for 656 Indiana Avenue

StatusActive
MLS #26662795
Days on Market30
Taxes$37,500 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.12 AC / 5,281 SF
CountyLos Angeles County
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Location

Listing Courtesy of Real Broker, James Scott Suarez, DRE #01433992
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Building Information for 656 Indiana Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.12 AC / 5,281 SF

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$16,829 per month

30 year fixed, 6.36% Interest

Principal and Interest

$13,704

Property Taxes

$3,125

HOA Dues

$0

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Property Information for 656 Indiana Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: As Is, Owner Has R.E. License, LA/Owner Related, Seller/Owner/Principal RE Licensed, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $201,100
  • Net Operating Income: $139,360.56
  • Gross Income: $192,312
  • Cap Rate: 4.65%
  • Gross Rent Multiplier: $14.92
  • Actual Rent Total: $11,815.13
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 61740
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1212
  • Lot Size Square Feet: 5281
Parking Details
Parking Details
  • Parking Garage: Assigned, Uncovered, Side By Side
  • Total Parking: 4
  • Covered Parking: 0
  • Open Other Spaces Total: 4
  • Parking Features: Assigned, Side by Side, Uncovered
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Breakfast Bar, Living Room, Dining Area
  • Levels: One, Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Flooring: Vinyl, Laminate, Carpet
  • Equipment: Built-Ins, Dishwasher, Ceiling Fan, Range/Oven, Refrigerator, Microwave
  • Interior Features: Recessed Lighting, Open Floor Plan
  • Room Kitchen Features: Kitchen Open to Family Room, Remodeled Kitchen
  • Kitchen Features: Open to Family Room, Remodeled, Quartz Counters
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled, Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Microwave, Oven, Range
  • Laundry: Room, Outside, Community, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-27-2026
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,137.20
  • Unit Actual Rent: $2,137.20
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,691.60
  • Unit Actual Rent: $4,691.60
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $819.88
  • Unit Actual Rent: $819.88
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,398.70
  • Unit Actual Rent: $1,398.70
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,767.60
  • Unit Actual Rent: $2,767.60
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111

Property History for 656 Indiana Avenue

DateEvent & SourcePriceAppreciation
May 20, 2026

Price Change

CRMLS #26662795

$2,750,000—
May 20, 2026

Price Change

CLAW #26662795

$2,750,000—
May 1, 2026

Listed (Active)

CLAW #26662795

$2,955,555—
DateEvent & SourcePrice
05/20/2026

Price Change

CRMLS #26662795

$2,750,000
05/20/2026

Price Change

CLAW #26662795

$2,750,000
05/01/2026

Listed (Active)

CLAW #26662795

$2,955,555

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 656 Indiana Avenue

Taxable ValueLand$2,101,236Additions$118,377Total$2,219,613
Tax Record2025$27,380 ($2,282 / month)
Home Facts
Total Finished SqFt4,528 SqFtAbove Grade Finished SqFt4,528 SqFtLot Size5,281 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLARD1.5CountyLOS ANGELESAPN4239-008-014

Schools near 656 Indiana Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Westminster Avenue Elementary School
Public - K to 5
Walgrove Avenue Elementary School
Public - K to 5
Broadway Elementary School
Public - K to 5
Mark Twain Middle School and World Languages Magnet
Public - 6 to 8
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Walgrove Avenue Elementary School
PublicK to 5

Broadway Elementary School
PublicK to 5

Mark Twain Middle School and World Languages Magnet
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Venice
Venice
Home to a vibrant surfing and skate culture, Venice maintains an edgy coolness that has long attracted the city’s free spirits. Venice was founded in the early 1900’s by a tobacco millionaire, Abbot Kinney. The area was originally a beach resort set on two miles of ocean front property. It was an...
Venice Guide

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More information about 656 Indiana Avenue, Venice, CA 90291

656 Indiana Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on March 27, 2026 by Real Broker, it's currently listed at $2,750,000. It has been on the market for a total of 30 days and was last sold on February 18, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Walgrove Avenue Elementary School and Broadway Elementary School. 656 Indiana Avenue is a 14-bed, 6-bath, 4,528 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, James Scott Suarez, DRE #01433992

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.