Brick+Work

Central City West C4, Tier 3 TOC, 240 Unit Potential

Los Angeles

Central City West C4, Tier 3 TOC, 240 Unit Potential

APN: 5143022007, 5143022011, 5143022012

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C4(CW)-U/6
Zone/District
240
Max Unit
28,098 sq. ft.
Lot Size
Tier 3
TOC
3
Lots
Existing Conditions
Floor Area 45,268 sq. ft. (combined)
Units 0 (combined)
Year Constructed Several
Assessed Improvement Value $577,174 (combined)
Assessed Land Value $9,618,358 (combined)
Development Potential (By-Right)
Maximum FAR 6:1
Maximum Height
Feet

1,218 ft. above mean sea level

Stories

None

Minimum Setbacks
Front

0 ft.

Along Wilshire Blvd.

Side

5 ft.

setbacks required only for residential stories; add 1 foot of side setback for each story over 2, not to exceed 16 ft.; no side setback required for commercial only uses; no side setbacks required for mixed use project abutting street or alley

Back

0 ft.

Along Ingraham Street

Max Buildable Area, Footprint 26,378 sq. ft.
Max Buildable Area, Envelope 168,588 sq. ft.
Max Dwelling Units 140
Affordable Units Required None
Parking Required 1 space per unit with less than 3 habitable rooms 1.5 spaces per unit with 3 habitable rooms 2 spaces per unit with more than 3 habitable rooms 1 space per guest room (first 30)
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 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 9:1
Maximum Height
Feet

1,240 ft. above mean sea level

Stories

None

Minimum Setbacks
Front

0 ft.

Along Wilshire Boulevard

Side

5 ft.

side setback required for portions of buildings erected for residential uses, no setbacks required for ground floor commercial; no setbacks required for mixed use project abutting street or alley

Back

0 ft.

Along Ingraham Street

Max Buildable Area, Footprint 26,378 sq. ft.
Max Buildable Area, Envelope 252,882 sq. ft.
Max Dwelling Units 240
Affordable Units Required at least 10% for Extremely Low Income, or 14% for Very Low Income, or 23% for Low Income
Parking Required Shall not exceed .5 space per unit
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
Jurisdictional
Legal Description Lots 49-51, Subdivision of That Part of Lot 1 Block 37 Hancock's Survey Lying South of Orange Street & Westerly from William Street
Land Use Regional Center Commercial
Area Planning Commission Central
Community Plan Area Westlake
Neighborhood Council Downtown Los Angeles
Council District 1
Councilmember Gilbert Cedillo
Red Flags
Property is subject to the requirements of the Central City West Specific 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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