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231 Venice Blvd
Los Angeles, CA 90015

$3,300,000 USD

Land For Sale  •  0.28 AC

Property Details

  • Property Type Land
  • Lot Size 0.28 AC
  • Zoning LA C2-2D
97 Transit Score
89 Walk Score

Description

Compass is pleased to present 231 Venice Blvd; an exceptional investment, owner-user, and development opportunity poised for transformation in Downtown Los Angeles’ South Park. The parcel is zoned C2, located with an Opportunity Zone, State Enterprise Zone, and features TOC Tier 3 designation.

The ±12,006 square-foot land parcel currently operates as a surface-level and income-producing parking lot. The property generates income through multiple channels, including parking and license agreements, a billboard, and cafe located on the corner of the parking lot. The parking lot features ±38 parking spaces, but can optionally accommodate ±50 or more parking spaces in a tandem configuration. The parcel, as an attractive investment or future development site, accommodates of an array of potential future uses per the City of Los Angeles, including but not limited to: commercial, medical, healthcare, industrial, multifamily apartments, affordable housing, flex space, fitness, religious facility/church, school, banquet hall, and creative space.

The property is well-located and adjacent to educational, medical, and newly developed apartment buildings, while situated only 2 blocks north of the Santa Monica I-10 Freeway and in proximity to Crypto. com Arena, Microsoft Theater, LA Live, and the Los Angeles Convention Center.
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*For All Inquiries: Please Contact Oliver Ghadoushi.
*Buyer to verify any and all accuracy of information.

Highlights

Signalized Corner: ±12,006 SF Parking Lot with Existing Income
Multiple Income Streams: Billboard, Valet, Cafe, and Parking Agreement
Versatile Development Opportunity (Multi-Family Housing & Apartments, Senior/Assisted Living, Medical, Commercial)
Desirable South Park Location | ±38 Striped Parking Spaces
Zoned LA-C2 | Ideal & Approved for a Variety of Future Land Uses
Located within an Opportunity Zone, State Enterprise Zone with Tier 3 TOC

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 5 min - 2.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 2.7 mi
Transit/SubwayDriveWalkDistance
Grand Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 6 min 0.3 mi
Pico Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 10 min 0.5 mi
Lattc/Ortho Institute (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 14 min 0.7 mi
San Pedro Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 1.0 mi
AirportDriveWalkDistance
Los Angeles International 23 min - 13.8 mi
Bob Hope 26 min - 15.3 mi
Long Beach (Daugherty Field) 29 min - 21.6 mi
Greg Engel 310-728-9339 Compass Commercial
Greg Engel 310-728-9339 Compass Commercial