Brick+Work

Historic Highland Park RD2 Lot, 9 Unit Potential

Highland Park

Historic Highland Park RD2 Lot, 9 Unit Potential

APN: 5468002006

$

RD2-1-HPOZ
Zone/District
9
Max Unit
11,393 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 1,692 sq. ft. (combined)
Units 4 (combined)
Year Constructed Several
Assessed Improvement Value $336,600
Assessed Land Value $51,685
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

45 ft.

Stories

None

Minimum Setbacks
Front

15 ft.

Side

5 ft.

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

Back

7.5 ft.

15 ft. from half depth of rear alley leaves 7.5 ft. setback from lot line

Max Buildable Area, Footprint 8,328 sq. ft.
Max Buildable Area, Envelope 24,984 sq. ft.
Max Dwelling Units 5
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 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
Development Potential (with TOC or DB)
Maximum FAR 4.35:1
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

None

Minimum Setbacks
Front

15 ft.

Side

3.5 ft.

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

Back

3 ft.

10.5 ft. rear setback starting from half depth of rear alley leaves 3 ft. rear setback required from lot line

Max Buildable Area, Footprint 9,078 sq. ft.
Max Buildable Area, Envelope 39,489 sq. ft.
Max Dwelling Units 9
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 None Required
Required Open Space Up to 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot 6, Block 4, Subdivision of Certain Lots in Highland Park Tract
Land Use Low Medium II Residential
Area Planning Commission East Los Angeles
Community Plan Area Northeast Los Angeles
Neighborhood Council Historic Highland Park
Council District 1
Councilmember Gilbert Cedillo
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.
The subject property is within an adopted Historic Preservation Overlay Zone (HPOZ) and all exterior work on the property is subject to review by the Office of Historic Resources within the Department of City Planning
Property is subject to the requirements of the Avenue 57 Transit Oriented District Specific Plan which could limit the development potential of the site.
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.