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.