Los Angeles Infill Redevelopment/ Circle K Ground Lease

Highlights:

• Signalized Corner
• Short Term Lease
• High Traffic Corridor
• ~138,624 Buildable SF
• FAR 6:1
• Low Price/ Buildable SF
• Build ~100 units
• 4 curb cuts

Description:

Marc Perlof Group of Keller Williams Commercial is pleased to exclusively offer a Circle K Ground Lease at 1925 Crenshaw Blvd. Los Angeles, CA 90016. There are approximately 2 years left on the lease term with no additional options. The lease expires December 31, 2027. The tenant has a Right of First Refusal (ROFR) of 45 days from receipt. Current Ground rent is $96,000/ year. 


1925 Crenshaw Boulevard is located on the Southwest 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.


Developers
Zoned LAC2-2D-CPIO, allowing ≈138,600 buildable SF (6:1 FAR, buyer to verify) with ≈98–104 units under Base and TOC Tier 3.

Gas Station Operators
Offered as a leased-fee ground-lease investment conveying real estate only; the operating business is not included. Value lies in control of a high-visibility hard corner with redevelopment or re-tenanting optionality at lease expiration.

Investors
Provides current income with embedded redevelopment upside, combining cash flow with zoning and legislative tailwinds. Located in a State Enterprise Zone, but outside an Opportunity Zone.

Call Agent for more detailed information.