656 Indiana Ave, Venice, CA, 90291
About This Home
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.
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1962
Type & Style
- Home type: MultiFamily
- Architectural style: Mid-Century
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Microwave,Oven,Range,Dishwasher,Range/Oven,Refrigerator
- Laundry features: Laundry Room,Outside,Common Area,Laundry Area
Bathroom
- Features: Remodeled,Shower Over Tub
Bedrooms & Bathrooms
- Bedrooms: 14
- Bathrooms: 6
Features
- Recessed Lighting,Open Floorplan,Built-Ins,Ceiling Fan(s)
- Flooring: Vinyl,Laminate,Carpet
- Fireplace features: None
Heating & Cooling
- Heating features: Wall
- Cooling features: None
Interior Area
- Total structure area: 4,528
- Total interior livable area: 4,528 sqft
Kitchen
- Features: Open to Family Room,Remodeled
Property
Details
- Zoning: LARD1.5
- Special condition: Standard
Features
- Levels: One,Two
- Stories: 2
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Lot size: 5,279 sqft
Parking
- Total spaces: 4
- Parking features: Assigned,Open,Side By Side
- Has uncovered spaces: Yes
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,388 | $148,656 |
| Home Insurance * | $276 | $3,312 |
| Property Taxes | $1,367 | $16,404 |
| Electricity | $970 | $11,651 |
| Total | $15,001 | $180,012 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listed for sale | $2,955,555 |
| 2025-12-18 | Listing removed | $2,777,000 |
| 2025-11-14 | Price change | $2,777,000 |
| 2025-09-11 | Price change | $2,495,000 |
| 2025-08-19 | Price change | $2,777,000 |
| 2025-07-01 | Listed for sale | $2,999,999 |
| 2023-11-21 | Listing removed | -- |
| 2023-11-14 | Price change | $2,795,000 |
| 2023-10-19 | Listed for sale | $2,995,000 |
| 2023-10-18 | Listing removed | -- |
| 2023-07-24 | Listed for sale | $3,295,000 |
| 2023-05-09 | Listing removed | -- |
| 2022-10-27 | Listed for sale | $3,295,000 |
| 2021-10-26 | Listing removed | -- |
| 2021-08-18 | Listed for sale | $3,888,000 |
| 2021-05-06 | Listing removed | -- |
| 2021-05-01 | Listed for sale | $4,995,000 |
| 2016-04-05 | Listing removed | $3,750 |
| 2016-01-26 | Listed for rent | $3,750 |
| 2015-12-02 | Listing removed | $3,250 |
| 2015-11-04 | Price change | $3,250 |
| 2015-09-25 | Price change | $3,450 |
| 2015-08-12 | Listed for rent | $4,450 |
| 2015-05-29 | Listing removed | $3,995 |
| 2015-04-20 | Listed for rent | $3,995 |
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