828 Indiana, Venice, California 90291, Venice, 90291 - 0 bed, 0 bath
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828 Indiana
Venice, California 90291
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,822Sq Ft
5,281Lot Size
Property Price
LIST PRICE$3,400,000
EST. MARKET VALUE
$3,979,184
14% BelowMARKET VALUE
SUMMARY
This Residential Income Quadruplex presents a High-Potential Investment Opportunity with a List Price of $3,400,000—positioned well below the $3,979,184 Fair Market Value by 14%. This valuation gap offers $579,184 in Instant Equity for the savvy investor. Featuring a Condition Rating of 2, the property is fully renovated with modern interiors and a private common patio. This turnkey asset is ideal for Buy-and-Hold Investors or Portfolio Managers seeking immediate, high-yield cash flow in a prime coastal market.
Estimated Market Value
$3,979,184+$579,184 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Venice.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 828 Indiana Subject | $3,400,000* List Price | 0 | 0 | 3,822 | $1,041 | - |
A 1228 Cabrillo Sold | $2,395,000 | 6 | 4 | 2,324 | $1,031 | 0.6 mi |
B 616 Sunset Active | $2,850,000 List Price | 8 | 4 | 3,224 | $884 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1965, the property has undergone a comprehensive modern renovation within the last 5 years. The interiors feature updated kitchens with stainless steel appliances, stone countertops, modern flooring, and recessed lighting. The exterior and systems appear well-maintained and move-in ready with no immediate maintenance needed.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just one mile from the iconic Venice Boardwalk, this property is located in a high-demand rental market known for strong appreciation and consistent tenant interest.
- Turnkey Income Generation
The property is a fully occupied, beautifully renovated modern four-plex, providing immediate cash flow with no deferred maintenance or initial capital expenditures required.
- Desirable Unit Mix and Amenities
Featuring large 3-bedroom and 2-bedroom configurations with separate utility meters, gated parking, and private outdoor spaces, the asset is positioned to command premium market rents.
CONSRISKS & DEFICIENCIES
- Limited Parking Ratio
With only four gated parking spaces for four units—some of which are 3-bedroom layouts—parking may be insufficient for multi-tenant households in a dense neighborhood.
- High Price Per Unit
At a $3.4 million valuation, the high entry price point may result in a tighter capitalization rate for investors compared to similar assets in less premium coastal pockets.
About 828 Indiana
Presenting a beautifully renovated modern Venice Four-Plex, High-Yield Costal Investment, located just 1 mile from the iconic Venice Boardwalk. This property offers a unique opportunity for investors looking to acquire a fully occupied income-producing asset in a highly sought-after neighborhood. This property features a gated front door and 4 gated parking spaces in the rear offering privacy and security for tenants. A private common patio space and a well-maintained yard enhance the enjoyment for the tenants. There are separate electric and gas meters for each unit. The unit configurations are two 3bd/2ba & two 2bd/2ba; one of the units includes a private yard.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1965
- Lot Size
- 5,281 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 8.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 3,822 | 2,552 |
| Lot Size | 5,281 | 4,061 |
| Price | $3.40M | $1.74M |
| Price per sq ft | $890 | $750 |
| Built year | 1965 | 1942 |
| HOA | $0 | $0 |
| Days on market | 47 | 243 |
Pricing History
Listed for Sale
Jul 24, 2026
$3,400,000
Initial Listing
Sold
Mar 29, 2018
$3,159,500
Public Record
Sold
Jan 9, 2015
$1,389,500
Public Record