Address
656 Indiana Avenue Venice, CA
Price
$ 3,995,000
Property Attributes
  • MLS#21724394
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • AreaVenice
  • Zip90291
  • Style
  • Price$ 3,995,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage4528
  • Lot Size5,281 SqFt
Listing Provided Courtesy Of:
James Scott Suarez with Keller Williams Inglewood
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
Property Description

HUGE PRICE REDUCTION!! REDUCED $500K!! Great INVESTMENT Opportunity in the heart of Venice, just blocks from the world famous Abbot Kinney!! This is a RADically unique opportunity because not only do you get a hip piece of Los Angeles, but you also have the chance to double your investment. The building has been nicely maintained, and the bottom three units have been newly remodeled. One of the units is vacant-in case the owner wanted to keep a cool Venice pad to visit. The bottom three units could easily pull in $11,000 a month. Additionally, the top units could possibly pull in up to $15,500 or maybe more if you got creative, as many of these include co-living areas. Or keep it as-is since the upstairs tenants have paid throughout COVID-19. There are six units in total which consists of two studios and (4) three bedrooms, parking out back, and a trending and private courtyard area out front. Other features include a coin-operated laundry room, parking spaces, gas ranges/ovens, sleek bathrooms, modern kitchens, only 15-minutes to LAX, close to chic cafs, sizzling clubs, and sparkling beaches, and much more! Come see today!

Price History
4/30/2021 Listed $4,995,000
6/3/2021 11% - $4,495,000
6/22/2021 12% - $3,995,000

General Features

Appliances Dishwasher, Oven, Range, Refrigerator
Cooling None
Flooring Carpet, Laminate
Heating Wall Furnace
Listing Agent James Scott Suarez - BRE#01433992
Listing Agent State License 01433992
MLS Area C11 - Venice
Property Type Residential Income
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Special Listing Conditions Standard
Status Active
Total Units 6
View None
Virtual Tour https://my.matterport.com/show/?m=rghS9Wvzcjg&brand=0
Zoning LARD1.5

Interior Features

Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Lot Size Acres 0.12
Lot Size Area 5281
Lot Size Square Feet 5281
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Assigned

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90291

Price
AVG $3.45M
$4M
Visits
AVG 14
16
Year Built
AVG 1946
1962
Walkscore
AVG 91
91
Data Provided by Walkscore ® not using MLS data

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