Anchored by a 19,030 sqft C2 / TOC Tier 2 Opportunity Zone lot .9 miles from Fairview Heights K Line and 1.5 mi from SoFi Stadium, Intuit Dome and Kia Forum, 7815 Crenshaw Ave marries reliable cash flow with outsized development upside. Family owned and meticulously cared for more than 30 years, the gated compound features a 1930 Spanish eight plex (all 1bd/1ba) plus one studio and the gated 1993 2,300 sqft 3 bed/3 bath Single Family Residence with 4 car garage in back of parcel generate a scheduled $199,518 NOI ready rent roll, a 14.3 GRM and a 3.7% going in cap rate even before tapping easy levers, with about 31% already guaranteed by Section 8. Eight additional secure garages and a broad drive aisle invite ADU conversions. Elevate the eight apartments to HACLA's $3k voucher ceiling and re tenant the SFR at market, and gross income surges to $28k/mo ($336 k/yr), dropping the forward GRM below 10 and more than doubling NOI before any ADU or cosmetic lift. For builders, Tier 2 bonuses may accommodate roughly 40 units on a podium footprint, translating to sub $75k land cost per future door and a coveted Opportunity Zone timetable for potential capital gains deferral. For yield buyers, today's numbers already pencil at 14.3 GRM and a 3.7 % cap, squarely within the K Line corridor's trading band with clear runway for rapid rent growth. Backstopped by Crenshaw dirt comps north of $150/sqft, surrounded by billions in public and private investment, and powered by transit that funnels tenants from LAX, Silicon Beach and USC, this asset is the quintessential "cash flowing covered land" with three distinct exit ramps, ADU infill, voucher driven rent lifts, or full mixed use redevelopment each poised to deliver outsized returns.