Brick+Work

East LA Corner Property, 17 Potential Units with Density Bonus

Los Angeles

East LA Corner Property, 17 Potential Units with Density Bonus

APN: 5235-005-004. 5235-005-005 5235-005-006

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3rd Street SP - CC
Zone/District
17
Max Unit
16,221 sq. ft.
Lot Size
No
TOC
3
Lots
Existing Conditions
Floor Area 8,478 sq. ft. (combined)
Units 2 (combined)
Year Constructed Several
Assessed Improvement Value $890,135 (combined)
Assessed Land Value $879,149 (combined)
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

40 ft.

Stories

3

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

10 ft.

Max Buildable Area, Footprint 14,599 sq. ft. (90% max lot cover)
Max Buildable Area, Envelope 43,797 sq. ft.
Max Dwelling Units 11
Affordable Units Required None
Parking Required Non-residential: less than or equal to 10,000 gross sq. ft. has no minimum. More than 10,000 gross sq. ft. requires 2 spaces per 1,000 sq. ft. above first 10,000 sq. ft. Residential: 1 space per unit
Required Bicycle Parking
Long Term 1 space per 2 dwelling units (minimum 4 spaces)
Short Term 1 space per 10 dwelling units (minimum 4 spaces)
Transitional Height Limitations None required
Required Open Space 10% of lot area
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

50 ft.

Stories

4

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

7.5 ft.

Max Buildable Area, Footprint 14,599 sq. ft. (90% max lot cover)
Max Buildable Area, Envelope 58,396 sq. ft.
Max Dwelling Units 17
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 2 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
Required Bicycle Parking
Long Term 1 space per 2 dwelling units (minimum 4 spaces)
Short Term 1 space per 10 dwelling units (minimum 4 spaces)
Transitional Height Limitations None required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes
Jurisdictional
Legal Description Lots 4-6, Block A, TR 6227
Land Use East Los Angeles 3rd Street Form Based Code Specific Plan
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 East Los Angeles 3rd Street Form Based Code Specific Plan, which could limit the development potential of the 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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