Venice (los Angeles), CA 90291,656 Indiana Avenue
Venice (los Angeles), CA 90291,656 Indiana Avenue
Venice (los Angeles), CA 90291,656 Indiana Avenue
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
20
Aug
Thu
21
Aug
Fri
22
Aug
$2,777,000
Est. payment /mo
4,528 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,528 sqft

Price per Sqft $613

MLS Listing ID CL25555487

HOA Y/N No

Year Built 1962

Lot Size 5,281 Sqft

Acres 0.12

Property Sub-Type Other

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 featured in the bottom three units with updated kitchens, gas ranges, and renovated bathrooms. With current total rent at over $15,800/month and projected rent potential of over $26,000 when the top units reach market rates, this is a compelling

Location

State CA

County Los Angeles

Zoning LARD

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate, Carpet

Fireplace No

Laundry Other

Building

New Construction No

Others

Tax ID 4239008014


Read Less Info
Bridge MLS
Listed by Peter Jumrukovski • Real Broker

GET MORE INFORMATION

Full Name
Phone*
Message

Go tour this home

656 Indiana Avenue