656 Indiana Avenue, Venice (los Angeles), CA 90291

• 4,528 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 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.

Listing Status:

Active

Date Added:

March 27, 2026

Data Last Updated:

May 20, 2026 at 4:06PM

Listing Office:

Real Broker : 619-663-8680

Listing Agent:

James Scott Suarez : 424-425-3775

MLS ID:

CL26662795

Interior

• Laundry: Common AreaLaundry RoomOther
• Flooring: LaminateVinylCarpet
• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: AssignedOtherSide By SideUncovered Parking Space

Location

• County: Los Angeles

Lot

• Zoning: LARD1.54239008014
• View: None