Brick+Work

Culver City RMD Property, 9 Potential Units with Density Bonus

Culver City

Culver City RMD Property, 9 Potential Units with Density Bonus

APN: 4213-001-011

$

$
9
Max Unit
7,505 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 3,054 sq. ft.
Units 5
Year Constructed 1951
Assessed Improvement Value $425,302
Assessed Land Value $818,148
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 5,200 sq. ft.
Max Buildable Area, Envelope 10,400 sq. ft.
Max Dwelling Units 5
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
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.

Back

10 ft.

Max Buildable Area, Footprint 5,200 sq. ft.
Max Buildable Area, Envelope 10,400 sq. ft.
Max Dwelling Units 9
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 at least 10% of 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 Lot 10, Block 2, Clarkdale Tract
Land Use Medium Density Multiple Family Residential
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
BRICK+WORK Analyzer
Calculator
Please Enter Land Cost.
Please Enter Average Rents in Area.
Ask Administrator to enter the required values for the calculation of Financial Analyser.
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

Property Report Disclaimer

All data are obtained from government sources. No attempt has been made to verify the data’s accuracy.

This report is for informational purposes only. Do not rely on this report to support real estate or investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was obtained.

By publishing this property, you represent and warrant that you have obtained the authorization from the property owner to market this property AND to take actions on behalf of the property owner.