2 Locations

Compass Commercial is pleased to present 236 W 15th St and 231 Venice Blvd — a ±11,010 SF freestanding industrial/flex building and parking lot assemblage located at the corner of Venice Blvd and Olive St in South Park, Downtown Los Angeles. Both high-exposure properties are located within an Opportunity Zone and benefit from TOC Tier 3 zoning under the DTLA 2040 Community Plan (“DTLA 2040”), well-positioned for an owner-user as an investment opportunity with strategic upside for future development.

The building features ±5,500 SF per floor (2 stories) with separate meters/entrances, heavy 3-Phase power, 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, creative office, showroom, senior or affordable housing, or specialty uses. Delivered vacant at close of escrow and eligible for SBA financing, the asset offers flexibility for immediate occupancy or repositioning.

The gated parking lot offers 40+ spaces (with potential expansion to 50+ spaces) 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.

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