Brick+Work

Culver City Medium Residential, 13 Unit Potential with Density Bonus

Culver City

Culver City Medium Residential, 13 Unit Potential with Density Bonus

APN: 4208-018-020

$ 5.9M

13
Max Unit
20,822 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 7,114 sq. ft.
Units 18
Year Constructed 1941
Assessed Improvement Value $96,812
Assessed Land Value $215,866
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

30 ft.

Stories

2

Minimum Setbacks
Front

10 ft.

or half building height, whichever is greater

Side

5 ft.

Back

10 ft.

Max Buildable Area, Footprint 17,010 sq. ft.
Max Buildable Area, Envelope 34,020 sq. ft.
Max Dwelling Units 9
Affordable Units Required None
Parking Required 1 space per studio/1 BR less than 900 sq. ft.; 2 spaces per studio/1 BR and 2-3 BR unit; 3 spaces per 4 BR & 1 space ber BR over 4; 1 space per 4 DU for guest parking
Required Bicycle Parking
Long Term 10% of required vehicle parking
Short Term None required
Transitional Height Limitations None required
Required Open Space 100 sq ft per unit private open space No common open space required
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

30 ft.

Eligible for increase through bonus incentives

Stories

2

Eligible for increase through bonus incentives

Minimum Setbacks
Front

10 ft.

or half building height, whichever is greater

Side

5 ft.

Eligible for decrease through bonus incentives

Back

10 ft.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 17,010 sq. ft.
Max Buildable Area, Envelope 34,020 sq. ft.
Max Dwelling Units 13
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 30% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 2 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
Required Bicycle Parking
Long Term 10% of required vehicle parking
Short Term None required
Transitional Height Limitations None required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes
Jurisdictional
Legal Description Lots 38-45, TR 9949
Land Use Medium Residential
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
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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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