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Six-Unit Apartment Building with Courtyard
For Sale
$2,750,000

656 Indiana Avenue, Venice, CA 90291

Venice property offers renovated ground-level residences, onsite parking, and a gated landscaped entry courtyard.

Property Size4,528 SF
Price / SF$607.33
Days on Market180

Property Features for 656 Indiana Avenue

General Information

Standard status Active
Size 4,528 SF
Property subtype Multi-family
Occupancy 100%

Units

Unit Mix 2 x studio, 4 x 3BR
Multifamily Units 6

Amenities

onsite parking
laundry room
courtyard

Building Details

Year Built 1962
Tenancy Multi
Listing Agency: Real Broker
Listed By: James Scott Suarez
Source: Sevengables
Added: Mar 3 Changed: Aug 29 Last Checked: Aug 29 at 1:23PM

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.

Located at 656 Indiana Avenue in Venice, this 6-unit apartment property contains 4528 square feet and was built in 1962. The unit mix includes 2 studios and 4 three-bedroom apartments. Three ground-level residences have been renovated with updated kitchens, gas ranges, and remodeled bathrooms, while all six units are leased. The property also includes an onsite laundry room and parking.

Building improvements include exterior paint and facade work, plumbing enhancements, and a roof installed less than 10 years ago. A gated courtyard entry incorporates ficus trees and custom planter boxes. The property is situated just blocks from Abbot Kinney and offers proximity to the beach, LAX, dining, shopping, and nightlife in Venice.

Key Highlights

  • 6‑unit apartment property with 2 studios and 4 three‑bedroom apartments
  • 4528 square feet on a property built in 1962
  • Three ground‑level units renovated with updated kitchens, gas ranges, and renovated bathrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Nursing Home (Bike/Boat/Book/etc) Store Auto Parts Store Butcher Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,284
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Venice property offers renovated ground-level residences, onsite parking, and a gated landscaped entry courtyard.
Where is this apartment building located?
The property is located at 656 Indiana Avenue Venice, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 6‑unit apartment property with 2 studios and 4 three‑bedroom apartments; 4528 square feet on a property built in 1962; Three ground‑level units renovated with updated kitchens, gas ranges, and renovated bathrooms
More about this property
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