The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 4847 Crenshaw Boulevard (the “Property”), a lender-owned retail and billboard opportunity prominently situated at Crenshaw Boulevard and Westmount Avenue in Los Angeles. The Property comprises two vacant retail units totaling ±4,216 square feet, and an existing billboard on a ±7,800-square-foot parcel. Offered at $895,000—just $212 per square foot of building and $115 per square foot of land—the Property will be delivered 100% vacant and free and clear of all retail tenancies, providing immediate flexibility to occupy, lease, reposition, or redevelop the site. The defining feature of the offering is its compelling basis. Public records reflect that the Property sold for $1,650,000 in August 2022, equivalent to approximately $391 per square foot of building area and $212 per square foot of land. Following the lender’s acquisition of title, the Property is now offered at $895,000—approximately $212 per square foot of building area and $115 per square foot of land. The offering price represents a $755,000, or 46%, reduction from the prior sale and is approximately 4% below the comparable building-sale average of $221 per square foot and 34% below the comparable land-sale average of $174 per square foot. Few opportunities along the Crenshaw Corridor offer an improved asset at a basis below both prevailing building and land-value benchmarks. The improvements comprise two vacant units totaling ±4,216 square feet: a ±2,130-square-foot ground-floor retail storefront addressed 4847 Crenshaw Boulevard and a ±2,086-square-foot, three-bedroom/three-bath residential unit addressed 4849 Crenshaw Boulevard. The Property also includes two existing billboards. The Property is further enhanced by prominent Crenshaw Boulevard frontage and exposure to approximately 44,745 vehicles per day. Delivered 100% vacant, the Property provides immediate control over lease-up, tenant selection, and long-term positioning. Based on projected rents of $2.00 per square foot NNN for the retail storefront, $4,000 per month for the residential unit, and $500 per month for the billboard, the Property is projected to generate $105,120 in annual scheduled income and $84,141 in net operating income. This equates to a 9.40% pro forma capitalization rate at the $895,000 offering price and an 8.66% return on total cost after accounting for a fully loaded lease-up budget of $76,680. The projected retail rent is approximately 25% below the $2.68 per square foot NNN currently being asked one mile north along Crenshaw Boulevard and approximately 28% below the $2.76 per square foot Los Angeles County retail average, providing a conservative and supportable basis for stabilization. Beyond its near-term income potential, the Property offers meaningful long-term development optionality. The ±7,800-square-foot parcel carries C2-2D-SP zoning within the Crenshaw Corridor Specific Plan, is designated TOC Tier 3 and MIIP TOIA T-2, and is located approximately one-quarter mile from the Metro K Line’s Leimert Park Station. Its proximity to a Major Transit Stop may also eliminate residential parking minimums under AB 2097. At the offering price, the land basis equates to approximately $27,000 per potentially developable TOC unit. The immediately adjacent property at 4853 Crenshaw Boulevard is also available from the same ownership, creating an opportunity to assemble approximately 15,600 square feet of contiguous land along Crenshaw Boulevard.