Brick+Work

Hollywood Studio District RD1.5 Property, 13 Potential Units with TOC Tier 2

Los Angeles

Hollywood Studio District RD1.5 Property, 13 Potential Units with TOC Tier 2

APN: 5535-024-015

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RD1.5-1XL
Zone/District
13
Max Unit
7,384 sq. ft.
Lot Size
Tier 2
TOC
1
Lots
Existing Conditions
Floor Area 4,014 sq. ft. (combined)
Units 3
Year Constructed 1919-1927
Assessed Improvement Value $41,649
Assessed Land Value $47,271
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

30 ft.

Stories

2

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

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

15 ft.

Max Buildable Area, Footprint 4,414 sq. ft.
Max Buildable Area, Envelope 13,242 sq. ft.
Max Dwelling Units 8
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 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

41 ft. (11 ft. from incentives)

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

15 ft

Eligible for decrease through incentives

Side

3.5 ft./5 ft.

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

Back

10.5 ft.

Max Buildable Area, Footprint 4,852 sq. ft.
Max Buildable Area, Envelope 21,106 sq. ft.
Max Dwelling Units 13
Affordable Units Required at least 9% for Extremely Low Income, or 12% for Very Low Income, or 21% for Low Income
Parking Required Shall not be required to exceed 1 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 None Required
Required Open Space Up to 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot 32, CAHUENGA PLACE TRACT
Land Use Low Medium II Residential
Area Planning Commission Central
Community Plan Area Hollywood
Neighborhood Council Hollywood Studio District
Council District 13
Councilmember Mitch O'Farrell
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.
909 N Hobart has been identified by SurveyLA as having historical significance
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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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