Brick+Work

East Hollywood 28 Unit Potential

East Hollywood 28 Unit Potential

APN:

$

28
Max Unit
12,141 sq. ft.
Lot Size
Tier 3
TOC
2
Lots
Existing Conditions
Floor Area 5,240 sq. ft.
Units 0
Year Constructed 1949,1992
Assessed Improvement Value $412,152
Assessed Land Value $269,603
Development Potential (By-Right)
Maximum FAR 2:1 (Per Specific Plan guidelines)
Maximum Height
Feet

50 ft.

Per Specific Plan guidelines

Stories

None

Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories.

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 12,141 sq. ft.
Max Buildable Area, Envelope 24,282 sq. ft.
Max Dwelling Units 15
Affordable Units Required None
Parking Required 1 space per unit with less than 3 habitable rooms 1.5 spaces per unit with 3 or more habitable rooms .25 spaces per unit for guest parking
Required Bicycle Parking
Long Term 1 per dwelling unit or guest room
Short Term 1 per 10 dwelling unit or guest room
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
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 Standards apply to Mixed Use/Residential only building, more restrictive for commercial uses only
Development Potential (with TOC or DB)
Maximum FAR 3.75:1
Maximum Height
Feet

72 ft.

Projects located in a zone where the maximum height is 45 ft. or less, or located within a Specific Plan that limits height, height increases over 11 ft. must be stepped-back at least 15 ft. from the exterior face of the ground floor building located at any street frontage.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 12,141 sq. ft.
Max Buildable Area, Envelope 45,528 sq. ft.
Max Dwelling Units 28
Affordable Units Required at least 10% for Extremely Low Income residents, or 14% for Very Low Income residents, or 23% for Low Income Residents
Parking Required less than .5 spaces per unit
Required Bicycle Parking
Long Term 1 per dwelling unit or guest room
Short Term 1 per 10 dwelling units or guest rooms
Transitional Height Limitations When bordering specific plan, overlay zone, or RW1 or more restrictive zone, the building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 25 ft. above grade at the property line of the adjoining lot.
Required Open Space Up to 25% decrease in open space required by-right.
Other Development Notes Standards apply to Mixed Use/Residential only building, more restrictive for commercial uses only
Jurisdictional
Legal Description Lots FR 3 & FR 4, C. A. Smith's Subdivision of a part of Lot 42 of the Lick Tract
Land Use Highway Oriented Commercial
Area Planning Commission Central
Community Plan Area Hollywood
Neighborhood Council East Hollywood
Council District N/A
Councilmember N/A
Red Flags
Properties subject to the Rent Stabilization Ordinance (RSO) must replace existing affordable units at a rate of 1 to 1 or 20% of new proposed units, whichever is greater.
Property is subject to the requirements of the Vermont/Western TOD Specific Plan, which could limit the development potential of the site.
As outlined in ORD-182173-SA10, property must comply with provisions of the Vermont/Western TOD Specific Plan.
Development Plans on this property will be subject to review by the East Hollywood/Beverley Normandie Earthquake Disaster Assistance Project. This could also limit the utilization of TOC incentives.
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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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