Brick+Work

Hillhurst C4 Lot, 17 Unit Potential with Tier 3 TOC

Los Angeles

Hillhurst C4 Lot, 17 Unit Potential with Tier 3 TOC

APN: 5542005003

$

$
17
Max Unit
7,290 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 1,878 sq. ft.
Units 0
Year Constructed 1921
Assessed Improvement Value $39,423
Assessed Land Value $93,453
Development Potential (By-Right)
Maximum FAR 2:1
Maximum Height
Feet

50 ft.

Per Specific plan for mixed use or residential project. Roofs and roof structures for the purposes specified in Section 12.21.1 B 3 of the Code, may be erected up to ten feet above the height limit established in this section, if those structures and features are setback a minimum of ten feet from the roof perimeter and are screened from view at street level by a parapet or a sloping roof.

Stories

None

Minimum Setbacks
Front

0 ft.

No front, side or back yards shall be required for the development of any Mixed Use, commercial or residential Project on any lot located within Subarea B of Specific Plan

Side

0 ft.

No front, side or back yards shall be required for the development of any Mixed Use, commercial or residential Project on any lot located within Subarea B of Specific Plan

Back

0 ft.

No front, side or back yards shall be required for the development of any Mixed Use, commercial or residential Project on any lot located within Subarea B of Specific Plan

Max Buildable Area, Footprint 7,290 sq. ft.
Max Buildable Area, Envelope 14,580 sq. ft.
Max Dwelling Units 9
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;
Short Term 1 space per 10 units for units 0-25;
Transitional Height Limitations Portions of Buildings within distances specified from an abutting lot in Subarea A Distance (ft.) Height (ft.) 0-49 25 50-99 33
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 Max FAR based on mixed use project per specific plan, commercial uses in a Mixed-Use Project shall be limited to a maximum FAR of 1.5. Commercial use limited to ground and second floor. Residential use limited to that of R3
Development Potential (with TOC or DB)
Maximum FAR 3.75:1
Maximum Height
Feet

72 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 7,290 sq. ft.
Max Buildable Area, Envelope 27,337 sq. ft.
Max Dwelling Units 17
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;
Short Term 1 space per 10 units for units 0-25;
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 Lot 42, Hollywood Home Heights
Land Use Neighborhood Office Commercial
Area Planning Commission Central
Community Plan Area Hollywood
Neighborhood Council Los Feliz
Council District 4
Councilmember David Ryu
Red Flags
Property is subject to the requirements of the Vermont / Western Station Neighborhood Area Plan, which could limit the development potential of the site.
Per ORD-182173-SA13, Maximum Floor Area Ratio (FAR) shall be determined by the Vermont-Western Station Neighborhood Area Specific Plan.
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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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