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$2,955,555

  • For Sale
  • Active
  • Multi-Family
  • 14 Total Beds
  • Updated 13 days ago
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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.

Full Property Details for 656 Indiana Ave

General

  • Price: $2,955,555
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26662795
  • Updated: 5/1/2026
  • Added to Site: 49 day(s) ago

Interior

  • Rooms/Areas: Breakfast Bar, Living Room, Dining Area
  • Interior Features: Recessed Lighting, Open Floor Plan
  • Cooking Appliances: Microwave, Oven, Range
  • Flooring: Vinyl, Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Bathroom Features: Remodeled, Shower Over Tub

Bedrooms

  • Total Bedrooms: 14

Other Rooms

  • Laundry: Room, Outside, Community, Laundry Area

Additional Information

  • Shared Amenities: None
  • Pool Description: None
  • Spa Description: None
  • Security/Safety: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Other Features: None

Parking

  • Garage Description: Assigned, Uncovered, Side By Side

Location

  • Area: Venice
  • County: Los Angeles
  • Driving Directions: North of Abbott Kinney Blvd, South of Lincoln Blvd, West of California Ave, East of Rose Ave

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Architectural Style: Mid-Century
  • Common Walls: Attached
  • Stories/Levels: 2
  • Square Feet: 4,528
  • Sq. Ft. Source: Owner
  • Year Built: 1962
  • Year Built Source: Vendor Enhanced
  • Property Condition: Updated/Remodeled

Unit Information

  • Units in Complex: 6
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 4

  • Total Bathrooms: 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 3

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1212
  • Lot Size: 5281
  • Lot Size Source: Vendor Enhanced
  • Zoning: LARD1.5

Financial Considerations

  • Price Per Sq. Ft.: $652.73
  • Assessment Year: 1962
  • Owner Pays: Gardener, Water
  • Tenant Pays: Cable TV, Electricity, Gas

Disclosures and Reports

  • Disclosures/Reports: As Is, Owner Has R.E. License, LA/Owner Related, Seller/Owner/Principal RE Licensed, Rent Control
  • APN: 4239-008-014

Listed by Real Broker, James Scott Suarez

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Listing agent

— 656 Indiana Ave —

  • James Scott Suarez

    Real Broker

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 656 Indiana Ave

School District:Los Angeles Unified School District
NameGradesDistance
Broadway Elementary School
1015 Lincoln Blvd., Los Angeles, CA 90291
K-50.4 mi
Mark Twain Middle School and World Languages Magnet
2224 Walgrove Avenue, Los Angeles, CA 90066
6-81.3 mi
Venice Senior High School
13000 Venice Boulevard, Los Angeles, CA 90066
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 656 Indiana Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/27/2026
Listed
$2,955,555
76.45%
MLS
2/18/2015
Sold
$1,675,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 656 Indiana Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$27,039
2%
$2,219,613
4%
2023
$26,525
5%
$2,133,425
2%
2022
$25,310
1%
$2,091,594
2%
2021
$24,994
-1%
$2,050,583
1%
2020
$25,247
4%
$2,029,558
2%
2019
$24,256
—
$1,989,764
2%
2018
$24,158
2%
$1,950,750
2%
2017
$23,598
2%
$1,912,500
2%
2016
$23,060
291%
$1,875,000
331%
2015
$5,903
-1%
$435,430
2%
2014
$5,954
—
$426,902
—
2013
$5,939
—
$424,974
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Real Broker, James Scott Suarez

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656 Indiana Ave, Venice, CA 90291 (MLS# 26662795) is a Multi-Family property with units containing 14 bedrooms and 0 full bathrooms. 656 Indiana Ave is currently listed for $2,955,555 and was received on March 27, 2026. Want to learn more about 656 Indiana Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.

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