Brick+Work

Hollywood Commercial Corner Lot, 138 Potential Units

Los Angeles

Hollywood Commercial Corner Lot, 138 Potential Units

APN: 5548-017-052

$ 15M15000000

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$ 15000000
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C4-2D-SN, P-2D
Zone/District
138
Max Unit
33,520 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 26,311 sq. ft.
Units 0
Year Constructed 1940/1978
Assessed Improvement Value $416,160
Assessed Land Value $8,947,440
Development Potential (By-Right)
Maximum FAR 2:1 (Per D Limitation)
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

setbacks required only for residential stories; add 1 foot of side setback for each story over 2, not to exceed 16 ft.; no side setback required for commercial only uses; no side setbacks required for mixed use project abutting street or alley

Back

0 ft.

No setback required from P portion of lot

Max Buildable Area, Footprint 15,857 sq. ft.
Max Buildable Area, Envelope 32,276 sq. ft.
Max Dwelling Units 80
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 only permitted on C4 zoned portion of lot
Development Potential (with TOC or DB)
Maximum FAR 3.75:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

side setback required for portions of buildings erected for residential uses, no setbacks required for ground floor commercial; no setbacks required for mixed use project abutting street or alley

Back

0 ft.

Max Buildable Area, Footprint 15,857 sq. ft.
Max Buildable Area, Envelope 60,518 sq. ft.
Max Dwelling Units 138
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 When bordering specific plan, overlay zone, or RW1 or more restrictive zone, the building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 25 ft. above grade at the property line of the adjoining lot.
Required Open Space Up to 25% decrease in required open space
Other Development Notes Development only permitted on C4 zoned portion of lot
Jurisdictional
Legal Description Lots 1, 2, 5, 6, & 7, TR 3890
Land Use Regional Center Commercial
Area Planning Commission Central
Community Plan Area Hollywood
Neighborhood Council Central Hollywood
Council District 4
Councilmember Nithya Raman
Red Flags
As outlined in ORD-164711, The total floor area contained in all buildings on exceed two (2) times the buildable area of the lot. A project may exceed the 2:1 floor area ratio provided that - a. The Community Redevelopment Agency Board finds that the project conforms to: (I) the Hollywood Redevelopment Plan, (2) a Transportation Program adopted by the Community Redevelopment Agency Board pursuant to Section 518.1 of the Redevelopment Plan and, if applicable, (3) any Designs for Development adopted pursuant to Section 503 of the Redevelopment Plan; and b. The project complies with the following two requirements: A Disposition and Development Agreement or Owner Participation Agreement has been executed by the Community Redevelopment Agency Board; and the Project is approved by the City Planning Commission, or the City Council on appeal, pursuant to the procedures set forth in Municipal Code Section 12.24-B.3.
Development Plans on this property will be subject to review by the Hollywood CRA/LA. This could also limit the utilization of TOC incentives.
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this site.
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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%)
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