CA > Venice
Venice, CA 90291,656 Indiana Ave
Venice, CA 90291,656 Indiana Ave
Venice, CA 90291,656 Indiana Ave
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$2,999,999
Est. payment /mo
14 Beds
6 Baths
4,528 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,528 sqft

Price per Sqft $662

MLS Listing ID 25555487

Style Mid-Century

Bedrooms 14

Year Built 1962

Lot Size 5,281 Sqft

Acres 0.1212

Property Sub-Type Multi-Family

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 opportunity for investors looking to secure a well-positioned, income-generating asset in the heart of Venice, just minutes to LAX, the beach, and the city's trendiest dining, shopping, and nightlife.

Location

State CA

County Los Angeles

Area Venice

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Flooring Laminate, Carpet

Equipment Refrigerator, Range/Oven, Ceiling Fan, Dishwasher

Laundry Laundry Area, Outside

Exterior

Parking Features Uncovered, Side By Side

Garage Spaces 4.0

Building

Lot Description Fenced Yard

Story 2

Architectural Style Mid-Century

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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Kirshner Elkin Properties

+1(424) 214-0133

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