1925 Crenshaw Blvd - Value Add Ground Lease TOC Tier 3 0.53 Acres of Residential Land Offered at $7,125,000 in Los Angeles, CA 90016

Ground lease (leased fee) guaranteed by Circle K (S&P: BBB Stable). Approx. 2 years remain on the final option term, expiring December 31, 2027. No further options.
Mixed Use and Apartment Developers
Redevelopment opportunity in Mid-City Los Angeles zoned for 98–104 units. LAC2-2D-CPIO (Tier 3 TOC) zoning and state housing laws (AB 1287, SB 35, SB423, SB 79, and AB 2097) create ministerial entitlement paths after lease expiration, CEQA streamlining, and reduced parking requirements. At $51 per buildable SF (˜ 10–20 % below Tier 3 comps), the site fits a land-bank or entitlement-stage strategy. No RSO units or replacement burden; clean title.
Gas Station Operators
Hard-corner control in a high-traffic Mid-City corridor
Protect or expand regional market share
Option to reposition or rebuild post-lease expiration
Dense demographic base supports fuel, c-store, and car-related uses
Net-Lease Investors
Credit-backed income through 2027
Fully passive structure during the remaining term
Predictable timing for both resale and 1031 strategies
Strong land-value component creates multiple exit paths
1925 Crenshaw Boulevard is located on the South West signalized corner of Crenshaw Boulevard and Washington Boulevard. Retailers in the immediate area include 7-Eleven, Jack in the Box, Starbucks, Planet Fitness, KFC, Winchells, and more. The combined traffic count is ± 45,730 VPD (Alphamaps). There is ± 193.82' of frontage on Crenshaw Blvd. and ± 166.64' of frontage on Washington Blvd. There are 4 existing curb cuts. Metro Bus Route 35 and Route 210 are within 750' of the subject property.