Brick+Work

Arts District Hybrid Industial, 72 Unit Potential

Los Angeles

Arts District Hybrid Industial, 72 Unit Potential

APN: 5164-018-008, 5164-018-007, 5164-018-006, 5164-018-005

$

$
M3-1-RIO
Zone/District
72
Max Unit
42,118 sq. ft.
Lot Size
Tier 3
TOC
4
Lots
Existing Conditions
Floor Area 63,786 sq. ft.
Units 0
Year Constructed 1910
Assessed Improvement Value $1,252,297 (combined)
Assessed Land Value $1,620,131 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 42,118 sq. ft.
Max Buildable Area, Envelope 63,177 sq. ft.
Max Dwelling Units 52
Affordable Units Required None
Parking Required No required parking
Required Bicycle Parking
Long Term 1 per 1.5 dwelling unit or guest room
Short Term 1 per 15 dwelling unit or guest room
Transitional Height Limitations None required
Required Open Space 100 sq ft per unit with less than 3 habitable rooms 125 sq ft per unit with 3 habitable rooms 175 sq ft per unit with more than 3 habitable rooms
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 6:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 42,118 sq. ft.
Max Buildable Area, Envelope 252,708 sq. ft.
Max Dwelling Units 72
Affordable Units Required at least 11% for Very Low Income residents, or 20% for Low Income residents, or 30% Moderate Income residents (for sale); plus level 2 Community Benefits enumerated in DTLA 2040 Plan
Parking Required No required parking
Required Bicycle Parking
Long Term 1 per 1.5 dwelling units or guest rooms
Short Term 1 per 15 dwelling units or guest rooms
Transitional Height Limitations None
Required Open Space Up to 20% decrease in required open space
Other Development Notes Based on Downtown Community Plan Community Benefits Program
Jurisdictional
Legal Description Lots 239-245, Wingerter Tract
Land Use Hybrid Industrial
Area Planning Commission Central
Community Plan Area Central City North
Neighborhood Council Historic Cultural
Council District 14
Councilmember Jose Huizar
Red Flags
Development Plans on this property will be subject to review by the Central Industrial Redevelopment Project. This could also limit the utilization of TOC incentives.
Property is subject to the River Improvement Overlay zone, which could limit the design of a project on the site.
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this 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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