Brick+Work

60k+ Spring St UV(CA) Lot, Unlimited Density Potential

Los Angeles

60k+ Spring St UV(CA) Lot, Unlimited Density Potential

APN: 5409004010

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UV(CA)
Zone/District
No Residential Density Limit
Max Unit
66,764 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 46,232 sq. ft.
Units 0
Year Constructed 1880, 1943, 1952, & 1966
Assessed Improvement Value $807,929
Assessed Land Value $820,293
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

110 ft.

45 ft. minimum height

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 66,764 sq. ft.
Max Buildable Area, Envelope 200,292 sq. ft.
Max Dwelling Units No Residential Density Limit
Affordable Units Required None
Parking Required No minimum parking requirements in Specific Plan
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+
Transitional Height Limitations Portions of Buildings in C or M zones with certain distances of RW1 or more restrictive zones shall not exceed the following limits: Distance (ft.) Height (ft.) 0-49 25 50-99 33 100-199 61
Required Open Space 1 sq. ft. of open space per every 16 square feet of residential space 1 sq. ft. of open space per every 48 square feet of non-residential space
Other Development Notes -262,485 sq. ft. max residential area -Max residential area based on buildable envelope x 90% max res FAR -150 rooms max for hotel uses -Projects with more than 15 residential units are limited to a 1.5:1 Base FAR unless the residential portion of the project is equal to or less than 75% of the FAR or the Project pursues the Affordable Housing Bonus Option in Section 2.1 G 1. All other Projects are limited to a 3.0:1 Base FAR. As set forth in the Limits Table, the residential component of a Project is limited to 90% of the Project’s FAR.
Development Potential (with TOC or DB)
Maximum FAR 4.5:1
Maximum Height
Feet

132 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 66,764 sq. ft.
Max Buildable Area, Envelope 300,438 sq. ft.
Max Dwelling Units No Residential Density Limit
Affordable Units Required at least 10% for Extremely Low Income, or 14% for Very Low Income, or 23% for Low Income
Parking Required No minimum parking requirements in Specific Plan
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+
Transitional Height Limitations The building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 25 feet above grade at the property line of the adjoining lot.
Required Open Space Up to 25% decrease in required open space
Other Development Notes 380,603 sq. ft. max residential area
Jurisdictional
Legal Description Lot 1, TR 28778
Land Use Hybrid Industrial
Area Planning Commission Central
Community Plan Area Central City North
Neighborhood Council Historic Cultural
Council District 1
Councilmember Gilbert Cedillo
Red Flags
Property is subject to the requirements of the Cornfield / Arroyo Seco Plan, which could limit the development potential of the site.
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Particulars By-Right TOC or DB
Total Buildable
Net Buildable
Average Construction Cost
Total Construction Budget
Total Soft Costs
Total Development Budget
Gross Annual Rents
Expenses (25%)
NOI
Valuation
Equity After Completion
Equity Multiple
IRR

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