Brick+Work

Greater Wilshire 50k sq. ft. CR Property, 215 Potential Units

Los Angeles

Greater Wilshire 50k sq. ft. CR Property, 215 Potential Units

APN: 5092-003-020; 5092-003-019; 5092-003-018; 5092-003-017; 5092-003-026; 5092-003-014

$ 13.5M

CR-1VL
Zone/District
215
Max Unit
50,207 sq. ft.
Lot Size
Tier 3
TOC
6
Lots
Existing Conditions
Floor Area 18,930 sq.ft. (combined)
Units 3 (combined)
Year Constructed Several
Assessed Improvement Value $1,337,548 (combined)
Assessed Land Value $5,096,212 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

45 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

10 ft.

5 ft. building line along Crenshaw Blvd. per ORD-74285

Side

5 ft.

add 1 foot of side setback for each story over 2 if adjacent to A or R zone or residential uses; For corner lots, side setback shall be 10% lot width (5 ft. min/10 ft. max); side setbacks only required for corner lots, adjacent to A or R zone, or for residential uses (except for portions of residential in mixed use project as long as commercial uses or access to residential on ground floor and abuts a street, private street, or alley)

Back

15 ft.

add 1 foot of back setback for each story over 3, not to exceed 20 ft.

Max Buildable Area, Footprint 40,273 sq. ft.
Max Buildable Area, Envelope 60,410 sq. ft.
Max Dwelling Units 125
Affordable Units Required None
Parking Required 1 space per unit with less than 3 habitable rooms 1.5 spaces per unit with 3 habitable rooms 2 spaces per unit with more than 3 habitable rooms 1 space per guest room (first 30)
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 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 33 100-199 61
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 3.75:1
Maximum Height
Feet

67 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

5

Minimum Setbacks
Front

5 ft.

5 ft. building line along Crenshaw Blvd. per ORD-74285

Side

5 ft.

side setback required for portions of buildings erected for residential uses, no setbacks required for ground floor commercial; side setbacks only required for corner lots, adjacent to A or R zone, or for residential uses (except for portions of residential in mixed use project as long as commercial uses or access to residential on ground floor and abuts a street, private street, or alley)

Back

15 ft.

15 ft. rear setback required if adjacent to RD or more restrictive zone

Max Buildable Area, Footprint 41,973 sq. ft.
Max Buildable Area, Envelope 157,398 sq.ft.
Max Dwelling Units 215
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 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.
Required Open Space Up to 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots FR 26-32, N. C. Kelley's Montview Tract
Land Use Limited Commercial
Area Planning Commission Central
Community Plan Area Wilshire
Neighborhood Council Greater Wilshire
Council District 4
Councilmember David Ryu
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Particulars By-Right TOC or DB
Total Buildable
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Average Construction Cost
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Total Soft Costs
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Gross Annual Rents
Expenses (25%)
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