231 Venice Blvd

Nestled in the vibrant urban landscape of Los Angeles, CA, the area surrounding the property presents an exceptional opportunity for astute office building investors. With convenient access to the burgeoning Arts District, investors can tap into the eclectic mix of creative enterprises, trendy eateries, and chic boutiques. This prime location offers proximity to the LA Live entertainment complex and the iconic Staples Center, providing a diverse array of leisure and entertainment options. Positioned within the vicinity of major transportation hubs, including the Union Station, and in close range to the historic neighborhoods of Little Tokyo and Chinatown, this locale promises an enticing investment proposition at the heart of the city's cultural and commercial renaissance.*Reviewing All Offers - Contact Broker* 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. 231 Venice Blvd is inclusive in the Downtown Los Angeles Community Plan Update (DTLA 2040) in effect January 2025, with significant updates to the existing zoning code and redevelopment standards. 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. ___________________________________________________________________ *For All Inquiries: Please Contact Oliver Ghadoushi. *Buyer to verify any and all accuracy of information.