Echo Park R2 Property, 26 Potential Units
Los Angeles
Echo Park R2 Property, 26 Potential Units
APN: 5419-028-029
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 |
Restrictions
| Rent Stabilization Ordinance | Yes |
| Community Design Overlay | No |
| Historic Preservation Overlay | No |
| Specific Plan | No |
| Q/T Conditions | No |
| D Limitations | No |
| Coastal Zone | No |
| Community Redevelopment Agency | No |
| Hillside Area | Yes |
| Baseline Mansionization Ordinance | No |
| Interim Control Ordinance | No |
| River Improvement Overlay | No |
| Community Plan Implementation Overlay | No |
| Opportunity Zone | No |
| Other |
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 |
BRICK+WORK Analyzer
Calculator
| 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.