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TOC Tier 3 Redevelopment Opp 98-104 units 1925 Crenshaw Blvd Lot | Terrain commercial | 0,21 ha | À vendre | 6 146 666 € | Los Angeles, CA 90016
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 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
RÉSUMÉ ANALYTIQUE
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.
INFORMATIONS SUR L’IMMEUBLE
1 LOT DISPONIBLE
Lot
| Prix | 6 146 666 € | Surface du lot | 0,21 ha |
| Prix par ha | 28 658 978,23 € |
| Prix | 6 146 666 € |
| Prix par ha | 28 658 978,23 € |
| Surface du lot | 0,21 ha |
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.
TAXES FONCIÈRES
| Numéro de parcelle | 5061-020-038 | Évaluation des aménagements | 1 669 429 € |
| Évaluation du terrain | 5 385 256 € | Évaluation totale | 7 054 685 € |
TAXES FONCIÈRES
Présenté par
TOC Tier 3 Redevelopment Opp 98-104 units | 1925 Crenshaw Blvd
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