656 Indiana AVE, Venice, CA 90291
656 Indiana AVE, Venice, CA 90291
656 Indiana AVE, Venice, CA 90291
33
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$2,450,000
Est. payment /mo
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14 Beds
6 Baths
4,528 SqFt
Price Dropped by $300K

656 Indiana AVE Venice, CA 90291

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,528 sqft

Price per Sqft $541

MLS Listing ID 26662795

Bedrooms 14

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1962

Lot Size 5,279 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s), Open Floorplan, Recessed Lighting

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Oven, Range, Refrigerator

Laundry Common Area, Laundry Room, Outside

Exterior

Parking Features Assigned, Side By Side, Uncovered

Pool None

Community Features Gated

View Y/N No

View None

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level One,Two

Architectural Style Mid-Century Modern

Level or Stories One, Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4239008014

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by James Scott Suarez Real Broker #01433992

NEARBY SCHOOL & BUSINESS

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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656 Indiana AVE

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