Six-Unit Apartment Building with Gated
For Sale
$2,450,000
656 Indiana Ave, Venice, CA 90291
Six-unit Venice apartment building with a gated entry courtyard, onsite parking, and a professionally managed laundry room.
Days on Market127
Property Features for 656 Indiana Ave
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
2 x studio, 4 x 3BR
Multifamily Units
6
Amenities
onsite parking
laundry room
gated courtyard
Building Details
Building Size
4,528 SF
Year Built
1962
Buildings
1
Listing Agency:
Real Broker
(424) 425-3775
Listed By:
James Scott Suarez · License #01433992
Source:
Milsteinestates
Added: Mar 27
Changed: Jul 30
Last Checked: Jul 31 at 11:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker
Investment Insights
Based on property information with market context.
This six-unit apartment building (built in 1962) offers a mix of renovated and long-term leased units. Three ground-level units have been fully renovated, with stylish updates noted in the bottom three units including updated kitchens with gas ranges and renovated bathrooms. Building improvements during the current owners’ 10-year tenure include new exterior paint and facade work, plumbing enhancements, and a new roof installed less than 10 years ago.
The property’s front courtyard has been transformed into a gated entry space featuring lush ficus trees and custom planter boxes. Unit mix includes two studios and four three-bedroom apartments. Onsite parking is available, and there is a professionally managed, income-producing laundry room.
Located just blocks from Abbot Kinney, the property is positioned for tenants who want to be near Venice’s dining, shopping, and nightlife, with the beach and LAX also described as nearby.
The property’s front courtyard has been transformed into a gated entry space featuring lush ficus trees and custom planter boxes. Unit mix includes two studios and four three-bedroom apartments. Onsite parking is available, and there is a professionally managed, income-producing laundry room.
Located just blocks from Abbot Kinney, the property is positioned for tenants who want to be near Venice’s dining, shopping, and nightlife, with the beach and LAX also described as nearby.
Key Highlights
- Six‑unit apartment building built in 1962
- Three ground‑level units fully renovated, including updated kitchens with gas ranges and renovated bathrooms
- New roof installed less than 10 years ago, plus new exterior paint, facade work, and plumbing enhancements
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit Venice apartment building with a gated entry courtyard, onsite parking, and a professionally managed laundry room.
Where is this apartment building located?
The property is located at 656 Indiana Ave Venice, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Six‑unit apartment building built in 1962; Three ground‑level units fully renovated, including updated kitchens with gas ranges and renovated bathrooms; New roof installed less than 10 years ago, plus new exterior paint, facade work, and plumbing enhancements
