Compass is pleased to offer 236 W 15th St and 231 Venice Blvd — a premier ±11,010 SF freestanding building and adjacent parking lot located at a signalized corner in the heart of Downtown Los Angeles’ South Park neighborhood. Both high-exposure properties lie within an Opportunity Zone and benefit from TOC Tier 3 zoning under the DTLA 2040 Community Plan ("DTLA 2040"), making it well-positioned for a range of owner-user, investment, or redevelopment strategies.
The 2-story building features ±5,500 SF per floor with separate entrances and meters, five (5) restrooms, and a freight elevator. Character-rich construction includes wood bow-truss ceilings, exposed brick, skylights, and concrete flooring — ideal for commercial, industrial, medical, senior or affordable housing, creative office and light industrial uses, media, film, and production services, and specialty uses. Delivered vacant at close of escrow and eligible for SBA financing, the asset offers flexibility for immediate occupancy or repositioning.
The adjacent parking lot offers ±38 striped spaces (expandable to ±50+ with tandem configuration) and generates supplemental income via a billboard and existing parking agreements. Together, the assets offer a rare combination of functional space, income potential, and long-term upside in one of the most dynamic submarkets in Los Angeles.
Located just two blocks from the I-10 Freeway and near Crypto.com Arena, LA Live, the Convention Center, the properties are surrounded by major residential, medical, and educational developments — offering exceptional versatility and long-term upside.
___________________________________________________________________
*Buyer to verify any and all accuracy of information.