Venice Multifamily Investment Opportunity

656 Indiana Ave, Venice, CA 90291

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For Sale

$2,750,000

MULTI_FAMILY - Venice, CA

Property size:

4,528 SF

Lot size:

0.12 Acres

Price / SF:

$607/SF

HighLights

Prime location blocks from Abbot Kinney in Venice, a highly desirable Los Angeles neighborhood.
Immediate income stability from long‑term, reliable tenants with significant upside potential as rents are below market value.
Three ground‑level units are fully renovated and leased at strong market rents.
Well‑maintained property with recent upgrades, including new exterior paint, facade work, plumbing enhancements, and a relatively new roof (less than 10 years old).
Attractive unit mix of (2) studios and (4) spacious three‑bedroom apartments.
Amenities include on‑site parking, income‑producing laundry room, and a gated courtyard with lush landscaping.

We can help!

Listing Contact

James Scott Suarez

For Sale

$2,750,000

MULTI_FAMILY - Venice, CA

Property size:

4,528 SF

Lot size:

0.12 Acres

Price / SF:

$607/SF

Added:: Mar 27, 2026
Days on Market:: 82
Last Refresh:: Jun 16 at 11:06 am

Property Features for 656 Indiana Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: LARD1.5
Bedrooms: 14
Bathrooms: 6
Rooms: Bedroom 7, Bedroom 12, Bedroom 4, Bedroom 13, Bedroom 14, Bedroom 9, Bathroom 1, Bathroom 6, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 11, Bedroom 10, Bedroom 2, Bedroom 6, Bathroom 4, Bedroom 3, Laundry Room, Bedroom 8, Dining Room, Bathroom 5, Bathroom 3
Parking: 4
Parking features: Covered, Side By Side, Assigned
Interior features: Recessed Lighting, Open Floor Plan
Appliances: Microwave, Oven, Range
Standard status: Active
APN: 4239-008-014
Size: 4,528 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Annual Amount: 37500

Building Details

Year built: 1962
Floors in Building: 2
Number of units: 6
Flooring type: Carpet, Vinyl, Laminate
Architectural style: Other

We can help!

Listing Contact

James Scott Suarez

Listing agent James Scott Suarez License #01433992

Listing office Real Broker 1420 Kettner Blvd. #100, Newark, CA

Listing date Mar 27, 2026

MLS# 26662795 Listing URL

HighLights

Prime location blocks from Abbot Kinney in Venice, a highly desirable Los Angeles neighborhood.
Immediate income stability from long‑term, reliable tenants with significant upside potential as rents are below market value.
Three ground‑level units are fully renovated and leased at strong market rents.
Well‑maintained property with recent upgrades, including new exterior paint, facade work, plumbing enhancements, and a relatively new roof (less than 10 years old).
Attractive unit mix of (2) studios and (4) spacious three‑bedroom apartments.
Amenities include on‑site parking, income‑producing laundry room, and a gated courtyard with lush landscaping.

Overview

Located blocks from Abbot Kinney in Venice, California, this six-unit multifamily property offers a rare investment opportunity. The building has been maintained and upgraded over the past 10 years, with improvements including new exterior paint and facade work, plumbing enhancements, and a roof installed less than 10 years ago. The unit mix comprises two studios and four three-bedroom apartments. Three ground-level units have been fully renovated and are leased at market rents. The remaining units are occupied by long-term tenants who consistently pay rent on time. The property features a gated front courtyard with ficus trees and custom planter boxes. Onsite parking and an income-producing laundry room are additional amenities. The renovated bottom units feature updated kitchens with gas ranges and renovated bathrooms. With projected rent potential exceeding $23,000 when the top units reach market rates, this property offers income-generating potential in a desirable location, minutes from LAX, the beach, and various dining, shopping, and nightlife options. The lot size is 0.1212 acres, and the property size is 4528 square feet. The property is zoned LARD1.5.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Venice
County: Los Angeles
State: California
Longitude: -118.467598
Latitude: 33.996853

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For sale
Apartment buildings
CA
Venice
90291
656 Indiana Ave

What type of property is this?

Apartment building - Six-unit property near Abbot Kinney with income potential.

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 $2,750,000.

What are key features of this property?

This property features: Prime location blocks from Abbot Kinney in Venice, a highly desirable Los Angeles neighborhood.; Immediate income stability from long‑term, reliable tenants with significant upside potential as rents are below market value.; Three ground‑level units are fully renovated and leased at strong market rents.

656 Indiana Ave, Venice, CA 90291

MULTI_FAMILY - Venice, CA

Property Features for 656 Indiana Ave

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Venice Multifamily Asset with Upside

4-Plex Income Property with Studios

Updated Venice Triplex with Income

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Venice Triplex with Income Potential

Luxury 5-Unit Multifamily on Canals

Venice Triplex Near the Beach

Venice Duplex: Prime Location

Canal-Facing Duplex with Rooftop Deck

Venice Corner Lot Multifamily Property

Venice Multi-Unit Compound with Views

Iconic Venice Vanguard Lofts Compound

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