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231 Venice Blvd - Corner Parking Lot | Prime Income & Upside 0.28 Acres of Commercial Land Offered at $2,999,000 in Los Angeles, CA 90015
INVESTMENT HIGHLIGHTS
- Parking Lot on Signalized Corner of Venice Blvd & Olive St
- Ideal for Valet, EV Charging, and Other Covered Land Uses
- Central South Park Location with Great Freeway Access
- Multiple Income Streams Including Billboard, Valet, and License Agreements
- *Adjacent Building (236 W 15th St) Also for Sale: Ideal Owner-User Opportunity*
- Steps from Dignity Health Hospital, Eisner Health, and Nearby LA Convention Center, and Crypto.com Arena
EXECUTIVE SUMMARY
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.
___________________________________________________________________
*Call Broker for Rent Roll & Financial Information.
*Buyer to verify any and all accuracy of information.
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.
___________________________________________________________________
*Call Broker for Rent Roll & Financial Information.
*Buyer to verify any and all accuracy of information.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,999,000 | Lot Size | 0.28 AC |
| Price Per AC | $10,880,923.01 |
| Price | $2,999,000 |
| Price Per AC | $10,880,923.01 |
| Lot Size | 0.28 AC |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 5134-021-002 | Improvements Assessment | $12,014 |
| Land Assessment | $2,728,196 | Total Assessment | $2,740,210 |
PROPERTY TAXES
Parcel Number
5134-021-002
Land Assessment
$2,728,196
Improvements Assessment
$12,014
Total Assessment
$2,740,210
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231 Venice Blvd - Corner Parking Lot | Prime Income & Upside
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