Brick+Work

East Hollywood C2 Property, 91 Potential Units with TOC Tier 3

Los Angeles

East Hollywood C2 Property, 91 Potential Units with TOC Tier 3

APN: 5544-033-045

$

$
91
Max Unit
20,400 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 14,196 (combined)
Units 0
Year Constructed 1931-1954
Assessed Improvement Value $1,545,850
Assessed Land Value $3,570,000
Development Potential (By-Right)
Maximum FAR 2:1
Maximum Height
Feet

50 ft.

Roofs and roof structures may be erected up to ten feet above the height limit

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 20,400 sq. ft.
Max Buildable Area, Envelope 40,800 sq. ft.
Max Dwelling Units 52
Affordable Units Required at least 15% of all new and rehabilitated dwelling units developed within the Project Area by public or private entities shall be available at affordable housing cost to persons and families of low- or moderate-income; and of such 15%, not less than 40% shall be available at affordable housing cost to very low-income households
Parking Required 1 parking space for each dwelling unit having fewer than three habitable rooms; 1.5 parking spaces for each dwelling unit having more than three habitable rooms Guest: 1/4 parking space for each dwelling unit
Required Bicycle Parking
Long Term 0.5 spaces per dwelling unit
Short Term None required
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
Development Potential (with TOC or DB)
Maximum FAR 2.9:1
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 20,400 sq. ft.
Max Buildable Area, Envelope 59,160 sq. ft.
Max Dwelling Units 91
Affordable Units Required at least 10% for Extremely Low Income, or 14% for Very Low Income, or 23% for Low Income
Parking Required Shall not exceed .5 space per unit
Required Bicycle Parking
Long Term 0.5 spaces per dwelling unit
Short Term None required
Transitional Height Limitations The building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 25 feet above grade at the property line of the adjoining lot in the RW1 Zone or more restrictive zone or Specific Plan subarea
Required Open Space Up to a 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 3-4, MORTIMER'S GATEWAY TRACT
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 Specific Plan, which could limit the development potential of the site
Per Ord No. 164701, the total floor area contained in all buildings on the lot shall not exceed 0.5 times the buildable area of the lot; D limitation has been superseded by Vermont/Western SNAP
Project is subject to the requirements of the Hollywood Redevelopment Project, 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
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.