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Six-Unit Apartment Building with Courtyard
For Sale
$2,450,000

656 Indiana Ave, Venice, CA 90291

Residential Income, Mid-Century, Venice, CA

Property Size4,528 SF
Lot Size0.12 Acres
Price / SF$541.08
Days on Market172

Property Features for 656 Indiana Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning LARD1.5
Bedrooms 14
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bedroom 4, Bedroom 14, Bedroom 6, Bathroom 5, Bedroom 11, Bedroom 3, Bathroom 3, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 13, Bedroom 1, Bedroom 2, Dining Room, Laundry Room, Bathroom 2, Bedroom 7, Bedroom 9, Bedroom 10, Bedroom 12, Bedroom 5
Parking 4
Parking features Side By Side, Covered, Assigned
Interior features Recessed Lighting, Open Floor Plan
Appliances Microwave, Oven, Range
Directions North of Abbott Kinney Blvd, South of Lincoln Blvd, West of California Ave, East of Rose Ave
Subdivision Venice
Standard status Active
APN 4239-008-014
Size 4,528 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Annual Amount 37500

Amenities

onsite parking
laundry room
courtyard

Building Details

Year built 1962
Floors in Building 2
Number of units 6
Flooring type Carpet, Vinyl, Laminate
Architectural style Other
Listing Agency: Real Broker
Listed By: James Scott Suarez · License #01433992
Added: Mar 27 Changed: Sep 12 Last Checked: Sep 14 at 4:06PM
MLS# 26662795

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6-unit apartment property contains 4,528 square feet on 0.1212 acres and was built in 1962. The unit mix includes 2 studios and 4 three-bedroom apartments. Three ground-level residences have been fully renovated with updated kitchens, gas ranges, renovated bathrooms, recessed lighting, and open floor plans. Building improvements include exterior paint and facade work, plumbing enhancements, and a roof installed less than 10 years ago. The property is zoned LARD1.5.

A gated front courtyard includes ficus trees and custom planter boxes. Onsite parking is provided, and a professionally managed laundry room contributes additional operating income. The property is located at 656 Indiana Ave in Venice, just blocks from Abbot Kinney and minutes from the beach and LAX.

Key Highlights

  • 6‑unit apartment property with 2 studios and 4 three‑bedroom apartments
  • 4,528 square feet on 0.1212 acres; built in 1962
  • Three ground‑level units have been fully renovated with updated kitchens and bathrooms

Property Analytics

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Current Use

Apartment buildings

Suggested Use

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

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Renovated ground-level residences, gated landscaping, parking, and an income-producing laundry room support the property’s operating profile.
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: 6‑unit apartment property with 2 studios and 4 three‑bedroom apartments; 4,528 square feet on 0.1212 acres; built in 1962; Three ground‑level units have been fully renovated with updated kitchens and bathrooms
More about this property
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