Brick+Work

Burbank R4 Property, 14 Potential Units with Density Bonus

Burbank

Burbank R4 Property, 14 Potential Units with Density Bonus

APN: 2464-006-039, 2464-006-040

$

$
14
Max Unit
13,360 sq. ft.
Lot Size
N/A
TOC
2
Lots
Existing Conditions
Floor Area 3,954 sq. ft. (combined)
Units 6 (combined)
Year Constructed 1933-1959
Assessed Improvement Value $179,707 (combined)
Assessed Land Value $961,489 (combined)
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

50 ft.

35 ft. to top plate, 50 ft. to top of roof and architectural features; site is about 2,000 ft. from Bob Hope Airport which may impact height, however FAA map can be found in office of City Clerk

Stories

3

Minimum Setbacks
Front

15 ft.

Side

5 ft.

Back

5 ft.

Max Buildable Area, Footprint 10,000 sq. ft.
Max Buildable Area, Envelope 30,000 sq. ft.
Max Dwelling Units 9
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 spaces per unit with 2 or more bedrooms 1 guest space per 4 units (minimum 2 guest spaces required)
Required Bicycle Parking
Long Term 5% of the total number of required off-street vehicle parking spaces, including guest spaces (only required for projects with 20 or more dwelling units)
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 70%
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

50 ft.

Eligible for increase through bonus incentives; site is about 2,000 ft. from Bob Hope Airport which may impact height, however FAA map can be found in office of City Clerk

Stories

3

Eligible for increase through bonus incentives

Minimum Setbacks
Front

15 ft.

Eligible for decrease through incentives

Side

5 ft.

Eligible for decrease through incentives

Back

5 ft.

Eligible for decrease through incentives

Max Buildable Area, Footprint 10,000 sq. ft.
Max Buildable Area, Envelope 30,000 sq. ft.
Max Dwelling Units 14
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 5% of the total number of required off-street vehicle parking spaces, including guest spaces (only required for projects with 20 or more dwelling units)
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 Lot 210-211, TR 9443
Land Use High Density Residential
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
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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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