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Stacey Alysson Melman

656 Indiana AV
Venice, CA, 90291
$2,450,000
14 Beds
6 Baths
4,528 SqFt
0.12 Acres
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MLS #26662795 image #0
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.
AGENT: James Scott Suarez
LISTING BROKERAGE: Real Broker
656 Indiana AV
Venice, CA

Property Details

Price:
$2,450,000
MLS #:
26662795
Status:
Active
Beds:
14
Baths:
6
Type:
Single Family
Neighborhood:
c11venice
Listed Date:
May 1, 2026
Finished Sq Ft:
4,528
Total Sq Ft:
4,528
Lot Size:
5,281 sqft / 0.12 acres (approx)
Year Built:
1962
Mid Century ModernCommunity GatedC11 – VeniceC11veniceNone
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Schools

Interior

Appliances
Oven, Range, Microwave, Refrigerator, Dishwasher
Cooling
None
Flooring
Vinyl, Carpet, Laminate
Heating
Wall Furnace
Interior Features
Ceiling Fan(s), Recessed Lighting, Open Floorplan
Laundry Features
Laundry Room, Community, Outside
Levels
One, Two

Exterior

Architectural Style
Mid Century Modern
Common Walls
1 Common Wall
Open Parking Spaces
4
Open Parking YN
1
Parking Features
Assigned, Side By Side, Open
Parking Spots
4
Parking Total
4
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s), Gated Community
Spa Features
None
Stories
2
View
None

Financial

Gross Operating Income
$201,100
Net Operating Income
$139,361

Map

Community

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