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1925 Crenshaw Blvd - TOC Tier 3 Redevelopment Opp 98-104 units 0.53 Acres of Commercial Land Offered at $7,125,000 in Los Angeles, CA 90016
INVESTMENT HIGHLIGHTS
- Short term lease, 2 year 2 months, no additional options
- 6:1 FAR
- Signalized Corner
- ~138,625 buildable sf
- Favorable State and Local Law to Maximize Density and Entitlement Timeline
EXECUTIVE SUMMARY
CALL FOR OFFERS EXTENDED TO MONDAY NOVEMBER 24, 2025 5PM PST
Ground lease guaranteed by Circle K (S&P: BBB Stable). Approx. 2 years 2 months remain on the final option term, expiring December 31, 2027. No further options.
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 ahead of SB-79 implementation (July 2026). No RSO units or replacement burden; clean title.
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.
Ground lease guaranteed by Circle K (S&P: BBB Stable). Approx. 2 years 2 months remain on the final option term, expiring December 31, 2027. No further options.
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 ahead of SB-79 implementation (July 2026). No RSO units or replacement burden; clean title.
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.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $7,125,000 | Lot Size | 0.53 AC |
| Price Per AC | $13,443,852.81 |
| Price | $7,125,000 |
| Price Per AC | $13,443,852.81 |
| Lot Size | 0.53 AC |
Signalized Corner, Square parcel, All utilites at site, Flat
DESCRIPTION
The property is zoned LAC2-2D-CPIO (West Adams-Baldwin Hills-Leimert). This will allow a developer to build an approximately 138,624 SF building, based on a FAR of 6:1 (Buyer to verify). There is no height limit. By right a Developer can build 58 units. 98 -104 units with the affordable housing density bonus. The property is in a Transit Oriented Community ("TOC") Tier 3 area. State Enterprise Zone district also applies. The property is not located in an Opportunity Zone.
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 5061-020-038 | Improvements Assessment | $1,935,144 |
| Land Assessment | $6,242,400 | Total Assessment | $8,177,544 |
PROPERTY TAXES
Parcel Number
5061-020-038
Land Assessment
$6,242,400
Improvements Assessment
$1,935,144
Total Assessment
$8,177,544
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1925 Crenshaw Blvd - TOC Tier 3 Redevelopment Opp 98-104 units
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