Brick+Work

Glendale IMU-R Corner Lots, 73 Potential Unites with Density Bonus

Glendale IMU-R Corner Lots, 73 Potential Unites with Density Bonus

APN: 5638-008-046

$

$
73
Max Unit
23,091 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 11,574 sq. ft.
Units 1
Year Constructed 1928-1976
Assessed Improvement Value $1,405,766
Assessed Land Value $937,177
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

75 ft.

Enclosed or screened rooftop equipment not exceeding 5 feet in height above the roof of a building shall not be computed as part of the height of the building. Elevator shafts and roof top stairwells not exceeding 15 feet in height above the roof of a building shall not be computed as part of the height of the building

Stories

6

Minimum Setbacks
Front

0 ft.

Shall provide a 10-foot minimum corner cutoff and shall have an entrance to the building from this area.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 22,000 sq. ft.
Max Buildable Area, Envelope 132.000 sq. ft.
Max Dwelling Units 53
Affordable Units Required None
Parking Required Efficiencies of up to 1,500 sq. ft. and 1 bedroom units: 2 spaces 2 bedroom units: 2 spaces Efficiencies of 1,501 to 2,000 sq. ft. and 3 bedroom units: 2.5 spaces Efficiencies of more than 2,000 sq. ft. and any unit containing 4 or more bedrooms: 3 spaces Guest parking - 1/4 space per unit for residential projects of 4 or more units
Required Bicycle Parking
Long Term 1 space per 4 units
Short Term 1 space per 20 units
Transitional Height Limitations None required
Required Open Space A minimum outdoor space of one hundred and forty (140) square feet shall be provided per dwelling unit. Outdoor space may be provided as common or private space.
Other Development Notes A minimum of ninety (90) cubic feet of private storage space shall be provided for each residential dwelling unit outside such unit unless a private attached garage, serving only the dwelling unit, is provided Per the Glendale Municipal Code, 100 dwelling units per acre are allowed on the site Minimum 10% of lot area shall be dedicated for landscaping; see Glendale Municipal Code section 30.31 for additional requirements Per Municipal Code: Self Storage and Drive-Thru Facilities are not allowed; Light/Heavy Manufacturing, Warehousing and Research and Development sites are allowed. See Table 30.14-A of the Glendale Municipal Code for additional uses
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

75 ft.

Eligible for increase through bonus incentives; Enclosed or screened rooftop equipment not exceeding 5 feet in height above the roof of a building shall not be computed as part of the height of the building. Elevator shafts and roof top stairwells not exceeding 15 feet in height above the roof of a building shall not be computed as part of the height of the building

Stories

6

Eligible for increase through bonus incentives

Minimum Setbacks
Front

0 ft.

corner cutoff eligible for decrease through incentives; buildings at corner locations shall provide a 10-foot minimum corner cutoff and shall have an entrance to the building from this area

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 22,000 sq. ft.
Max Buildable Area, Envelope 132,000 sq. ft.
Max Dwelling Units 73
Affordable Units Required at least 15% for Very Low Income, 30% for Low Income, or 40% for Moderate Income (for sale)
Parking Required 0-1 bedroom: 1 on-site parking space; 2-3 bedrooms: 2 on-site parking spaces, 4 and more bedrooms: 2½ parking spaces
Required Bicycle Parking
Long Term 1 space per 4 units
Short Term 1 space per 20 units
Transitional Height Limitations None required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes A minimum of ninety (90) cubic feet of private storage space shall be provided for each residential dwelling unit outside such unit unless a private attached garage, serving only the dwelling unit, is provided Minimum 10% of lot area shall be dedicated for landscaping; see Glendale Municipal Code section 30.31 for additional requirements
Jurisdictional
Legal Description Lots 20-23, West Glendale Tract
Land Use Industrial/Commercial Residential Mixed Use
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
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.