Brick+Work

Covina Town Center Corner Lot, 18 Potential Units

Covina

Covina Town Center Corner Lot, 18 Potential Units

APN: 8445-011-001

$

$
TCSP - Mixed Use
Zone/District
18
Max Unit
15,733 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 8,673 sq. ft.
Units 12
Year Constructed 1963
Assessed Improvement Value $708,173
Assessed Land Value $708,173
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

4

Stories

50 ft.

Minimum Setbacks
Front

10 ft.

12 ft. if more than 3 stories

Side

5 ft.

Back

15 ft.

Max Buildable Area, Footprint 11,970 sq. ft.
Max Buildable Area, Envelope 47,880 sq. ft.
Max Dwelling Units 11
Affordable Units Required None
Parking Required SRO/Studio/1-Bedroom – 1 space per dwelling unit plus 1 guest parking space per each 4 units 2-Bedroom up to 4-Bedroom – 2 spaces per 1 dwelling unit plus 1 guest parking space per each 4 units
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None required
Required Open Space 125 sq. ft. per unit
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

4

Eligible for increase through bonus incentives

Stories

50 ft.

Minimum Setbacks
Front

10 ft.

12 ft. if more than 3 stories

Side

5 ft.

Eligible for decrease through bonus incentives

Back

15 ft.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 11,970 sq. ft.
Max Buildable Area, Envelope 47,880 sq. ft.
Max Dwelling Units 18
Affordable Units Required at least 15% for Very Low Income, 24% for Low Income, or 44% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 1.5 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
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
Jurisdictional
Legal Description Lot 1 & PT Lot 2, Block 9, Covina Tract
Land Use Town Center Specific Plan
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
Property is subject to the requirements of the Town Center Specific Plan 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%)
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Equity After Completion
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