Brick+Work

Culver City CG Corner lots, 19 Potential Units with Density Bonus

Culver City CG Corner lots, 19 Potential Units with Density Bonus

APN: 4217-008-007; 4217-008-005; 4217-008-003

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19
Max Unit
16,707 sq. ft.
Lot Size
N/A
TOC
3
Lots
Existing Conditions
Floor Area 8,053 sq. ft.
Units 0
Year Constructed 1948-1955
Assessed Improvement Value $107,206
Assessed Land Value $365,958
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

45 ft.

Stories

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.

A 5 foot setback is required for portions of building greater than 15 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 14,157 sq. ft.
Max Buildable Area, Envelope 14,157 sq. ft.
Max Dwelling Units 13
Affordable Units Required None
Parking Required Studio micro-units: 0.5 space; Studio and 1 bedroom, up to 900 square feet: 1 space; Studio and 1 bedroom, greater than 900 square feet: 2 spaces; 2-3 bedroom units: 2 spaces; 4 bedroom units: 3 spaces 1 space for every additional bedroom greater than 4. Guest parking: 1 space for every 4 residential units.
Required Bicycle Parking
Long Term Multi-family projects shall provide bicycle parking spaces equal to a minimum of 10% of the required vehicle spaces, unless separate secured garage space is provided for each unit.
Short Term None required
Transitional Height Limitations None required
Required Open Space Each unit, except studio micro-units, shall have a minimum of 75 square feet of common and/or private open space
Other Development Notes The Culver city lots are zoned Commercial General and prohibit 100% residential development. Mixed-Use buildings are allowed. Density is limited to 1 unit per 1,245 square feet of lot area
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

45 ft.

Eligible for increase through bonus incentives

Stories

None

Minimum Setbacks
Front

15 ft.

Eligible for decrease through incentives; A 5 foot setback is required for portions of building greater than 15 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 14,157 sq. ft.
Max Buildable Area, Envelope 14,157 sq. ft.
Max Dwelling Units 19
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale only)
Parking Required 0-1 bedrooms: 1 on-site parking space; 2-3 bedrooms: 2 on-site parking spaces; 4 or more bedrooms: 2.5 parking spaces
Required Bicycle Parking
Long Term Multi-family projects shall provide bicycle parking spaces equal to a minimum of 10% of the required vehicle spaces, unless separate secured garage space is provided for each unit.
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 2-4, Tract No 3901 in Culver City
Land Use Commercial General
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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