Brick+Work

Hollywood Hills C2 Corner, 57 Potential Units with TOC Incentives

Los Angeles

Hollywood Hills C2 Corner, 57 Potential Units with TOC Incentives

APN: 2425-005-040

$ 5M

C2-1VL
Zone/District
57
Max Unit
11,808 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 6,190 sq. ft.
Units 0
Year Constructed 1955
Assessed Improvement Value $51,687
Assessed Land Value $114,053
Development Potential (By-Right)
Maximum FAR 1:1
Maximum Height
Feet

30 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

1.5 ft.

must be landscaped; Each lot shall have a maximum yard or Front Yard setback of 60 feet, or an average Front Yard of all existing structures on the block in which the lot is located, whichever is less.

Side

1.5 ft.; 5 ft.

1.5 ft. along Regal Place, interior 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

10 ft.

If the rear lot line of a lot is adjacent to a residential use, then the lot shall have a minimum 20 foot rear yard; If an alley separates a residential use from a commercial rear lot line and the alley is at least 20 feet wide, then the 20 foot rear yard setback shall be measured from the midpoint of the abutting alley.

Max Buildable Area, Footprint 7,085 sq. ft.
Max Buildable Area, Envelope 11,808 sq. ft.
Max Dwelling Units 32
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 2.75:1
Maximum Height
Feet

52 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

Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories.

Minimum Setbacks
Front

1.5 ft.

Side

1.5 ft.; 5 ft.

1.5 ft. along Regal Place, interior 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

5 ft.

15 ft. from midpoint of rear alley; 15 ft. rear setback required if abutting RD or more restrictive zone; no setbacks required for mixed use project abutting street or alley or commercial only uses

Max Buildable Area, Footprint 10,460 sq. ft.
Max Buildable Area, Envelope 32,472 sq. ft.
Max Dwelling Units 57
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 7-10, Block 1, TR 4906
Land Use General Commercial
Area Planning Commission South Valley
Community Plan Area Sherman Oaks-Studio City-Toluca Lake-Cahuenga Pass
Neighborhood Council Hollywood Hills West
Council District 4
Councilmember David Ryu
Red Flags
Property is subject to the requirements of the Ventura/Cahuenga Corridor Specific Plan and the Mulholland Scenic Parkway Specific Plan, which could limit the development potential of the site.
Property is subject to the City of Los Angeles Baseline Hillside Ordinance, 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.