Brick+Work

East Hollywood C2 Lot 60 Unit Potential with Tier 4 TOC

East Hollywood C2 Lot 60 Unit Potential with Tier 4 TOC

APN: 5540022017

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60
Max Unit
13,077 sq. ft.
Lot Size
Tier 4
TOC
2
Lots
Existing Conditions
Floor Area 1,865 sq. ft.
Units 1
Year Constructed 1952 & 2004
Assessed Improvement Value $114,847
Assessed Land Value $825,771
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

75 ft.

Per Specific Plan based on Mixed Use Project. Roofs and roof structures for the purposes specified in Section 12.21.1 B 3 of the Code, may be erected up to ten feet above the prescribed height limit established in this section, provided that the structures and features are set back a minimum of ten feet from the roof perimeter and screened from view at street level by a parapet or a sloping roof.

Stories

None

Minimum Setbacks
Front

0 ft.

No front, side or back yards shall be required for the development of any commercial or residential Project on any lot located within Subarea C

Side

0 ft.

No front, side or back yards shall be required for the development of any commercial or residential Project on any lot located within Subarea C

Back

0 ft.

No front, side or back yards shall be required for the development of any commercial or residential Project on any lot located within Subarea C

Max Buildable Area, Footprint 13,077 sq. ft.
Max Buildable Area, Envelope 39,231 sq. ft.
Max Dwelling Units 32
Affordable Units Required None
Parking Required 1 space per unit with less than 3 habitable rooms 1.5 spaces per unit with 3 habitable rooms 2 spaces per unit with more than 3 habitable rooms 1 space per guest room (first 30)
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100;
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100;
Transitional Height Limitations Portions of Buildings with certain distances of Subarea A 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 Per Specific Plan: Commercial use limited to ground floor only. FAR based on mixed use project, max FAR of 1.5:1 for commercial uses.
Development Potential (with TOC or DB)
Maximum FAR 4.65:1
Maximum Height
Feet

108 sq. ft.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 13,077 sq. ft.
Max Buildable Area, Envelope 60,808 sq. ft.
Max Dwelling Units 60
Affordable Units Required at least 11% for Extremely Low Income, or 15% for Very Low Income, or 25% for Low Income
Parking Required No required parking
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100;
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100;
Transitional Height Limitations When bordering specific plan, overlay zone, or RW1 or more restrictive zone, within the first 25 ft. of the property line abutting or across the street or alley from the 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 required open space
Other Development Notes
Jurisdictional
Legal Description FR 120-121, TR 2577
Land Use Highway Oriented Commercial
Area Planning Commission Central
Community Plan Area Hollywood
Neighborhood Council East Hollywood
Council District 13
Councilmember Mitch O'Farrell
Red Flags
Property is subject to the requirements of the Vermont / Western Station Neighborhood Area Plan, which could limit the development potential of the site.
Per ORD-182173-SA31:1, Maximum Floor Area Ratio (FAR) shall be determined by the Vermont-Western Station Neighborhood Area Specific Plan.
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this site.
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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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