Brick+Work

Burbank R3 Property, 10 Potential Units with Density Bonus

Burbank

Burbank R3 Property, 10 Potential Units with Density Bonus

APN: 2478-022-011, 2478-022-012

$

10
Max Unit
13,965 sq. ft.
Lot Size
N/A
TOC
2
Lots
Existing Conditions
Floor Area 5,559 sq. ft. (combined)
Units 7 (combined)
Year Constructed 1950-1976
Assessed Improvement Value $478,269 (combined)
Assessed Land Value $1,134,212 (combined)
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

27 ft.

27 ft. to top plate, 35 ft. to top of roof and architectural features

Stories

2

Minimum Setbacks
Front

25 ft.

Side

5 ft./15 ft.

Back

20 ft.

Max Buildable Area, Footprint 6,515 sq. ft.
Max Buildable Area, Envelope 13,030 sq. ft.
Max Dwelling Units 6
Affordable Units Required None
Parking Required 1.25 spaces per efficiency unit (studio unit that is 500 square feet or less); 1.75 spaces per 1-bedroom unit or studio unit greater than 500 square feet; 2 off-street tenant spaces per 2+ bedroom unit; 1 off-street guest space per 4 units
Required Bicycle Parking
Long Term None required
Short Term None Required
Transitional Height Limitations None Required
Required Open Space Common space: 150 sq. ft. per unit Private space: 50 sq. ft. per unit 15% of lot area must be landscaped and 15% of common open space must be landscaped
Other Development Notes Per the Burbank Municipal code, the maximum lot coverage for residential units is 60%
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

27 ft.

Eligible for increase through bonus incentives; 27 ft. to top plate, 35 ft. to top of roof and architectural features

Stories

2

Eligible for increase through bonus incentives

Minimum Setbacks
Front

25 ft.

Eligible for decrease through bonus incentives

Side

5 ft./15 ft.

Eligible for decrease through bonus incentives

Back

20 ft.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 6,515 sq. ft.
Max Buildable Area, Envelope 13,030 sq. ft.
Max Dwelling Units 10
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedroom; 2 spaces per unit with 2-3 bedrooms; 2.5 per unit with 4 bedrooms or more
Required Bicycle Parking
Long Term None required
Short Term None Required
Transitional Height Limitations None Required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes Maximum lot coverage can be increased through density bonus incentives
Jurisdictional
Legal Description Lots 78-79, TR 7479
Land Use Medium Density Residential
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
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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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