231 Venice BlvdLos Angeles, CA 90015

This exceptional 12,006 square-foot land parcel presents a unique investment and development opportunity in Downtown Los Angeles' South Park neighborhood. Currently operating as an income-generating surface parking lot with approximately 38 spaces (expandable to 50+), the property also benefits from a billboard and a cafe lease, creating multiple revenue streams. The C2 zoning allows for a wide array of potential future uses, including commercial, medical, multifamily residential, affordable housing, and more. Situated on a signalized corner at Venice Boulevard and Olive Street, this property boasts a prime location within an Opportunity Zone and State Enterprise Zone, further enhancing its investment appeal. Its proximity to the I-10 Freeway, Crypto.com Arena, Microsoft Theater, LA Live, and the Los Angeles Convention Center provides unparalleled access and visibility. The property's APN is 5134-021-002. The site also benefits from a Tier 3 TOC designation. Buyer to verify all information.