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.
Property Details
Price:
$2,777,000
MLS #:
25555487
Status:
Active
Baths:
0
Address:
656 Indiana Avenue
Type:
Residential Income
Neighborhood:
c11venice
City:
Venice
Listed Date:
Jul 1, 2025
State:
CA
ZIP:
90291
Lot Size:
5,281 sqft / 0.12 acres (approx)
Year Built:
1962
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
None
Flooring
Laminate, Carpet
Heating
Wall Furnace
Laundry Features
Outside
Exterior
Architectural Style
Mid Century Modern
Parking Features
Uncovered, Side by Side
Parking Spots
4.00
Security Features
Gated Community
Financial
Map
Community
- Address656 Indiana Avenue Venice CA
- AreaC11 – Venice
- CityVenice
- CountyLos Angeles
- Zip Code90291
Similar Listings Nearby
- 4455 S Slauson Avenue
Culver City, CA$3,600,000
3.10 miles away
- 3743 Mclaughlin Avenue
Los Angeles, CA$3,600,000
2.55 miles away
- 8346 Manitoba Street
Playa del Rey, CA$3,600,000
3.37 miles away
- 11938 Dorothy Street
Los Angeles, CA$3,595,000
3.65 miles away
- 3651 Mclaughlin Avenue
Los Angeles, CA$3,550,000
2.52 miles away
- 323 Culver Boulevard
Playa del Rey, CA$3,500,000
2.79 miles away
- 10817 Lindbrook Drive
Los Angeles, CA$3,495,000
4.67 miles away
- 1247 Berkeley Street
Santa Monica, CA$3,480,000
2.91 miles away
- 3837 Bentley Ave. Avenue
Culver City, CA$3,400,000
3.18 miles away
- 241 Marine Street
Santa Monica, CA$3,400,000
0.64 miles away

656 Indiana Avenue
Venice, CA
LIGHTBOX-IMAGES