231 Venice Blvd
Los Angeles, CA 90015 South Park

Compass Commercial is pleased to offer 231 Venice Blvd, a ±12,006 SF income-producing parcel in the vibrant South Park district of Downtown Los Angeles. Located within an Opportunity Zone and included in the DTLA 2040 Community Plan, the property presents a rare investment, owner-user, or redevelopment opportunity with substantial long-term upside supported by newly expanded zoning and use entitlements.

The adjacent building at 236 W 15th St is also available for sale (collectively with the parking lot), ideal for an owner-user. SBA financing is available for qualified parties with the building and parking lot optionality.

The property currently operates as a surface-level parking lot generating consistent revenue through multiple income streams, including monthly parking licenses and a prominent on-site billboard. The lot accommodates approximately 40 striped spaces, with the ability to expand to 50+ vehicles via tandem configuration.

Strategically located just two blocks north of the I-10 Freeway and in close proximity to Crypto.com Arena, LA Live, Microsoft Theater, and the Los Angeles Convention Center, 231 Venice Blvd sits amid a rapidly evolving urban corridor surrounded by residential, educational, and medical properties.
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