236 W 15th St

Embark on an exceptional investment journey within the vibrant surroundings of Los Angeles, CA, as the property offers a compelling opportunity for office building investors. Situated in close proximity to the bustling Financial District, investors can leverage the area's thriving business climate and access to leading financial institutions. Embrace the convenience of neighboring attractions such as the iconic LA Live entertainment complex, the esteemed Staples Center, and the vibrant LA Convention Center. With seamless access to major transportation arteries and the burgeoning South Park neighborhood, this location stands as a prime investment prospect at the core of one of the city's most dynamic and sought-after business districts.*Reviewing All Offers - Contact Broker* Compass is pleased to present 236 W 15th St; an exceptional ±11,010 square-foot property poised for transformation in Downtown Los Angeles’ South Park. Positioned near the intersection of South Olive and 15th Street, the property offers a unique investment and owner-user opportunity, zoned C2 and located with an Opportunity Zone featuring TOC Tier 3 Designation. The building 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. Delivered vacant at close of escrow, the property lends itself well to a multitude of potential uses, including but not limited to: commercial, industrial warehouse, flex space, self-storage, medical, health care, senior living, assisted living, affordable housing, showroom, studio, creative office space, fitness, gym, banquet hall (event venue), non-profit, social service, church/religious facility, school/education, law/attorney office, entertainment, hospitality, and a variety of service-based businesses. The property features ±5,500 SF of ground floor and ±5,500 SF of second floor space, including five (5) built-out restrooms. Its distinctive wood bow truss and brick construction, concrete flooring, skylights, ample window line, while combined with its authentic character, creates an appealing canvas for a potential owner-user. 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. The property is enhanced by its accessibility to a large parking lot, with spaces available directly adjacent to the property in addition to ample street parking and public transportation. ___________________________________________________________________ *For All Inquiries: Please Contact Oliver Ghadoushi. *Buyer to verify any and all accuracy of information.