Brick+Work

Downtown Long Beach 200+ Unit Potential

Downtown Long Beach 200+ Unit Potential

APN: 7281-016-009 & 052

$

203
Max Unit
11,250 sq. ft.
Lot Size
No
TOC
3
Lots
Existing Conditions
Floor Area 10,524 sq. ft. (combined)
Units 4
Year Constructed Several
Assessed Improvement Value $330,000 (combined)
Assessed Land Value $2,270,000 (combined)
Development Potential (By-Right)
Maximum FAR 8:1 (11:1 with utilization of green building or open space incentives)
Maximum Height
Feet

240 ft.

500 ft. with utilization of green building or open space incentives

Stories

No Maximum

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 11,250 sq. ft
Max Buildable Area, Envelope 90,000 sq. ft.
Max Dwelling Units 150
Affordable Units Required None
Parking Required 1 space per unit plus 1 guest space per 4 units; plus commercial parking
Required Bicycle Parking
Long Term 1 space per 5 units; plus commercial parking
Short Term N/A
Transitional Height Limitations N/A
Required Open Space 15% lot area if 21 or more residential units, as well as 500 sq. ft. minimum indoor community space 5% lot area if less than 21 residential units
Other Development Notes Maximum Unit count based on Maximum Buildable Area, Envelope divided by 600 sq. ft. minimum unit size.
Development Potential (with TOC or DB)
Maximum FAR 8:1 (11:1 with utilization of green building or open space incentives)
Maximum Height
Feet

240 ft.

500 ft. with utilization of green building or open space incentives

Stories

No Maximum

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 11,250 sq. ft
Max Buildable Area, Envelope 123,750 sq. ft.
Max Dwelling Units 203
Affordable Units Required at least 11% for Very Low Income residents, or 20% for Low Income residents, or 30% Moderate Income residents (for sale)
Parking Required 1 space per unit plus 1 guest space per 4 units; plus commercial parking
Required Bicycle Parking
Long Term 1 space per 5 units; plus commercial parking
Short Term
Transitional Height Limitations None
Required Open Space Up to 20% decrease in open space required by-right.
Other Development Notes Maximum Unit count based on Maximum Buildable Area, Envelope divided by 600 sq. ft. minimum unit size plus Density Bonus
Jurisdictional
Legal Description Lots 12, 14 & 16, Block 92, Tract 36837
Land Use N/A
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 City of Long Beach Downtown Plan.
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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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