Brick+Work

Echo Park R2 Property, 26 Potential Units

Los Angeles

Echo Park R2 Property, 26 Potential Units

APN: 5419-028-029

$

R2-1VL
Zone/District
26*
Max Unit
26,116 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 1,979 sq. ft.
Units 9
Year Constructed 1921/1947
Assessed Improvement Value $616,502
Assessed Land Value $1,098,938
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

33 ft.

Stories

3

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

Minimum Setbacks
Front

20 ft.

Side

5 ft.

add 1 ft. of side setback for each story over 2, not to exceed 16 ft.

Back

15 ft.

Max Buildable Area, Footprint 17,376 sq. ft.
Max Buildable Area, Envelope 52,128 sq. ft.
Max Dwelling Units 17*
Affordable Units Required None
Parking Required 2 spaces per unit (1 covered)
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+
Transitional Height Limitations None required
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 *If R2 zoned property has a side lot line adjoining a commercial or industrial zone, mulitfamily uses are permitted at RD1.5 density as long as those uses and required yards do not extend more than 65 ft. from the boundary of the less restrictive zone that it adjoins
Development Potential (with TOC or DB)
Maximum FAR 4.35:1
Maximum Height
Feet

55 ft.

Stories

5

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

Minimum Setbacks
Front

20 ft.

Side

5 ft./3.5 ft.

add 1 foot of side setback for each story over 2, not to exceed 16 ft.

Back

10.5 ft.

Max Buildable Area, Footprint 18,341 sq. ft.
Max Buildable Area, Envelope 75,586 sq. ft.
Max Dwelling Units 26*
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 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+
Transitional Height Limitations None required
Required Open Space Up to 25% decrease in required open space
Other Development Notes *If R2 zoned property has a side lot line adjoining a commercial or industrial zone, mulitfamily uses are permitted at RD1.5 density as long as those uses and required yards do not extend more than 65 ft. from the boundary of the less restrictive zone that it adjoins
Jurisdictional
Legal Description Lot A, Sunset Boulevard Heights Tract
Land Use Low Medium I Residential
Area Planning Commission East Los Angeles
Community Plan Area Silver Lake-Echo Park-Elysian Valley
Neighborhood Council Echo Park
Council District 13
Councilmember Mitch O'Farrell
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 City of Los Angeles Baseline Hillside Ordinance, 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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