Indiana Avenue

Los Angeles | California

A Sanctuary of

High-Rise Refinement

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Real Broker

Presented At

$2,777,000

Bedrooms

Living

4,528

SQFT

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656

Indiana Avenue

Los Angeles | California

656 Indiana Avenue, Los Angeles, California, United States. , Los Angeles , California

Residential Income in Venice

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.

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Property Location

656 Indiana Avenue, Los Angeles, California, United States., Los Angeles California

Local Weather & Climate

Los Angeles, California

Current Conditions Updated recently

70 °F

Clear sky

Feels Like 70°F

Humidity 69%

Wind 5 mph

Visibility 6.2 mi

Sunrise 2:00 PM

Sunset 2:03 AM

5-Day Forecast

Thu 19 Mar

Clear

High 81°

Low 70°

Fri 20 Mar

Clear

High 81°

Low 71°

Sat 21 Mar

Clear

High 77°

Low 68°

Sun 22 Mar

Clouds

High 74°

Low 67°

Mon 23 Mar

Clear

High 73°

Low 65°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Los Angeles?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

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Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

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The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

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Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 656 Indiana Avenue, Los Angeles, California, United States have?

This other at 656 Indiana Avenue, Los Angeles, California, United States features 14 bedrooms with 4,528 square feet of living space.

What is the size of 656 Indiana Avenue, Los Angeles, California, United States?

This property offers 4,528 square feet of living space.

What is the listing price for 656 Indiana Avenue, Los Angeles, California, United States?

This property is listed at $277,700,000, which equals $61330 per square foot.

What type of property is 656 Indiana Avenue, Los Angeles, California, United States?

This is a other located in Los Angeles, California. The property is situated in an established neighborhood with convenient access to local amenities and services.