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About This Home

This 14-bedroom, 6-bathroom residential multi family at 656 Indiana Ave in Venice, CA is listed for $2,750,000 ($607 per sqft). Built in 1962, the home offers 4,528 sqft of living space on a 0.12 acres lot.

Agent Description

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.

Key Features

  • Built in 1962
  • 0.12 acre lot
  • 2 stories
  • 4 parking spaces

Property Details

2 stories
6 full
4 spaces
1962

Monthly Cost Estimate

$14,708/mo

20% down · 6.5% · 30 years

Principal$1,989
Interest$11,917
Insurance$802

Estimates only. Actual payments may vary.

Location

656 Indiana Ave

Venice, CA 90291

Features & Amenities

Interior Features

Recessed LightingOpen Floor Plan

Property Details

Flooring

CarpetVinylLaminate

Parking

CoveredSide By SideAssigned

Appliances

MicrowaveOvenRange

Questions & Answers

This 14-bedroom, 6-bathroom residential multi family at 656 Indiana Ave is listed at $2,750,000 ($607/sqft). The estimated monthly payment is $11,917 based on 20% down at 6.5% interest.

Key features include: Built in 1962, 0.12 acre lot, 2 stories, 4 parking spaces. Interior Features: Recessed Lighting, Open Floor Plan.

This property is listed by James Scott Suarez and can be reached at 4244253775 or james@thesuarezteam.com.

JS

James Scott Suarez

Agent at Real Broker

(424) 425-3775

Listed by Real Broker · View on Broker Site

MLS# 26662795· Source: listhub· Updated 66 days ago

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.

656 Indiana Ave, Venice, CA 90291

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