231 Venice Blvd Los Angeles, CA 90015-3533
- Turn key restaurants
- 219 SF
- 0.28 lot acres
Current Use by Public Records
- Right Away Patio Restaurant / Mexican Restaurant / Latin American Restaurant
- JT Cafe / American Restaurant / Breakfast Restaurant
Property Details for 231 Venice Blvd
- Year built
- 1939
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.28 lot acres
- Property size
- 219 SF
- Zone code
- LAC2
- Property type
- Turn key restaurants
- APN
- 5134-021-002
- APU
- 5134021002
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.265
- Latitude
- 34.0355
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
