Downtown LA Property, 119k sq. ft. Max Floor Area
Downtown LA Property, 119k sq. ft. Max Floor Area
APN: 5148-007-002
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[PLM2-CHC1-5] [XN1-FA] [CPIO]
Zone/District
No Density Limit
Max Unit
14,000 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
| Floor Area | 13,800 sq. ft. |
| Units | 0 |
| Year Constructed | 1904 |
| Assessed Improvement Value | $447,608 |
| Assessed Land Value | $577,626 |
Development Potential (By-Right)
| Maximum FAR | 6:1 |
| Maximum Height | |
| Feet |
None |
| Stories |
12 |
| Minimum Setbacks | |
| Front |
0 ft. |
| Side |
0 ft. |
| Back |
0 ft. |
| Max Buildable Area, Footprint | 14,000 sq. ft. |
| Max Buildable Area, Envelope | 84,000 sq. ft. |
| Max Dwelling Units | No Density Limit |
| Affordable Units Required | None |
| Parking Required | None required |
| Required Bicycle Parking | |
| Long Term | Units Bicycle Parking Required 0-25 1 space per unit 26-100 1 space per 1.5 units 101-200 1 space per 2 units 201+ 1 space per 4 units |
| Short Term | Units Bicycle Parking Required 0-25 1 space per 10 units 26-100 1 space per 15 units 101-200 1 space per 20 units 201+ 1 space per 40 units |
| Transitional Height Limitations | Portions of Buildings in C or M zones with certain distances of RW1 or more restrictive zones shall not exceed the following limits: Distance (ft.) Height (ft.) 0-49 25 50-99 33 100-199 61 |
| 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 | 8.5:1 |
| Maximum Height | |
| Feet |
None |
| Stories |
15 |
| Minimum Setbacks | |
| Front |
0 ft. |
| Side |
0 ft. |
| Back |
0 ft. |
| Max Buildable Area, Footprint | 14,000 sq. ft. |
| Max Buildable Area, Envelope | 119,000 sq. ft. |
| Max Dwelling Units | No Density Limit |
| Affordable Units Required | 5% of units for Very Low Income, and either: 10% of units for Low Income, 15% of units for Moderate Income, or 20% of units for Workforce Income |
| Parking Required | None Required |
| Required Bicycle Parking | |
| Long Term | Units Bicycle Parking Required 0-25 1 space per unit 26-100 1 space per 1.5 units 101-200 1 space per 2 units 201+ 1 space per 4 units |
| Short Term | Units Bicycle Parking Required 0-25 1 space per 10 units 26-100 1 space per 15 units 101-200 1 space per 20 units 201+ 1 space per 40 units |
| Transitional Height Limitations | None |
| Required Open Space | Must provide public open space to achieve maximum FAR |
| Other Development Notes |
Jurisdictional
| Legal Description | Lots 16-20, Mills' Tract |
| Land Use | Community Commercial |
| Area Planning Commission | Central |
| Community Plan Area | Central City |
| Neighborhood Council | Downtown Los Angeles |
| Council District | 14 |
| Councilmember | N/A |
Restrictions
| Rent Stabilization Ordinance | No |
| Community Design Overlay | No |
| Historic Preservation Overlay | No |
| Specific Plan | No |
| Q/T Conditions | N/A |
| D Limitations | N/A |
| Coastal Zone | No |
| Community Redevelopment Agency | Yes |
| Hillside Area | No |
| Baseline Mansionization Ordinance | No |
| Interim Control Ordinance | No |
| River Improvement Overlay | No |
| Community Plan Implementation Overlay | Yes |
| Opportunity Zone | Yes |
| Other |
Red Flags
| Development Plans on this property will be subject to review by the City Center Redevelopment Project. This could also limit the utilization of TOC incentives. |
| Property is subject to the requirements of the Downtown CPIO, which could limit the development potential of the site. |
| Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this site. |
BRICK+WORK Analyzer
Calculator
| 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
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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.
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