Brick+Work

Central Wilshire R3 Lot, 16 Unit Potential with Tier 2 TOC

Los Angeles

Central Wilshire R3 Lot, 16 Unit Potential with Tier 2 TOC

APN: 5522033002

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16
Max Unit
7,250 sq. ft.
Lot Size
Tier 2
TOC
1
Lots
Existing Conditions
Floor Area 1,748 sq. ft.
Units 1
Year Constructed 1913
Assessed Improvement Value $342,992
Assessed Land Value $447,235
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

45 ft.

Stories

None

Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories.

Minimum Setbacks
Front

15 ft.

ORD-64268: 15 ft. building line

Side

5 ft.

add 1 foot of side setback for each story over 2, not to exceed 16 ft.

Back

15 ft.

Max Buildable Area, Footprint 4,600 sq. ft.
Max Buildable Area, Envelope 13,800 sq. ft.
Max Dwelling Units 9
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;
Short Term 1 space per 10 units for units 0-25;
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 4.35:1
Maximum Height
Feet

56 ft.

Projects located in a zone where the maximum height is 45 ft. or less, or located within a Specific Plan that limits height, height increases over 11 ft. must be stepped-back at least 15 ft. from the exterior face of the ground floor building located at any street frontage.

Stories

None

Minimum Setbacks
Front

15 ft.

ORD-64268: 15 ft. building line

Side

5 ft.

Back

10.5 ft.

add 1 foot of side setback for each story over 2, not to exceed 16 ft.

Max Buildable Area, Footprint 4,780 sq. ft.
Max Buildable Area, Envelope 20,793 sq. ft.
Max Dwelling Units 16
Affordable Units Required at least 9% for Extremely Low Income, or 12% for Very Low Income, or 21% for Low Income
Parking Required Shall not exceed 1 space per unit
Required Bicycle Parking
Long Term 1 space per unit for units 0-25;
Short Term 1 space per 10 units for units 0-25;
Transitional Height Limitations None Required
Required Open Space Up to 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot 2, Westboro
Land Use Medium Residential
Area Planning Commission Central
Community Plan Area Wilshire
Neighborhood Council Greater Wilshire
Council District 4
Councilmember David Ryu
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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