The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 4841-4843 Crenshaw Boulevard (the “Property”), two adjoining parcels totaling approximately 7,800 square feet of land improved with approximately 2,337 square feet of storefront retail, fronting Crenshaw Boulevard at Westmount Avenue in Los Angeles. The Property is offered by an institutional lender-owner and will be delivered 100% vacant and free and clear of all tenancy. The investment thesis is anchored by an exceptional land basis. At the $695,000 offering price, the Property is priced at approximately $89 per square foot of land, effectively in line with the $88.79-per-square-foot average achieved by recent market-rate development land sales on and around the Crenshaw Corridor. A buyer therefore acquires two existing retail storefronts, an established billboard position, and approximately 2,337 square feet of improvements at essentially raw land value. With the improvements occupying only approximately 30% of the site, the Property retains substantial land area and long-term flexibility for repositioning or redevelopment. The Property presents a straightforward retail investment profile. The improvements consist of two ground-floor storefronts measuring approximately 1,360 and 977 square feet, together with one billboard position. With no residential component, the Property avoids residential rent-regulation exposure and mixed-use management considerations. Both storefronts are underwritten at $2.00 per square foot NNN, allowing for the recovery of operating expenses other than management. Delivered 100% vacant, the Property provides new ownership with immediate control over lease-up, tenant selection, and long-term positioning. Pro forma scheduled income of $62,088 annually, together with $14,764 in projected triple-net reimbursements, results in estimated net operating income of $55,762. This equates to an 8.02% pro forma capitalization rate at the $695,000 offering price and a 7.14% return on total cost after accounting for a fully loaded lease-up budget of $85,632. The projected storefront rent of $2.00 per square foot is below both the approximately $2.16-per-square-foot average achieved by executed general-retail leases within the immediate trade area and the approximately $2.27-per-square-foot South Los Angeles retail submarket asking rate, providing a supportable basis for stabilization. Beyond its near-term income potential, the Property offers meaningful long-term development optionality. The combined ±7,800-square-foot site carries C2-2D-SP zoning within Area E of the Crenshaw Corridor Specific Plan, a Community Commercial General Plan designation, TOC Tier 3 status, and an MIIP TOIA T-2 designation. It is also located approximately one-quarter mile from the Metro K Line’s Leimert Park Station. At the offering price, the land basis equates to approximately $20,400 per potentially developable TOC unit, compared with approximately $20,625 per unit paid in October 2024 for a ready-to-issue TOC Tier 3 development site at 5365 Crenshaw Boulevard. The Property is offered as a retail lease-up and land-banking opportunity—not as an entitled development site—and no entitlement value is reflected in the pricing.