656 Indiana AVE, Venice, CA 90291

Save Search

0 Properties

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Jul

Thu

Jul

Fri

Jul

Juan Oropeza

Citiwide Realty Group

juan@juanorealtor.com +1(818) 941-0721

$ 2,999,999

Est. payment | -/mo

14 Beds

6 Baths

4,528 SqFt

Save

$ 2,999,999

Est. payment | -/mo

Save

14 Beds

6 Baths

4,528 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,528 sqft

Price per Sqft $662

MLS Listing ID 25555487

Bedrooms 14

HOA Y/N No

Year Built 1962

Lot Size 5,279 Sqft

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 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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Outside

Exterior

Parking Features Side By Side, Uncovered

Community Features Gated

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4239008014

Security Features Gated Community

Special Listing Condition Standard

Listed by Peter Jumrukovski Real Broker

656 Indiana AVE Venice, CA 90291