Brick+Work

Long Beach Downtown

Long Beach Downtown

APN:

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Downtown Plan
Zone/District
901
Max Unit
50,000 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 22,498 sq. ft. (combined)
Units 0
Year Constructed Several
Assessed Improvement Value N/A
Assessed Land Value N/A
Development Potential (By-Right)
Maximum FAR 8:1
Maximum Height
Feet

240 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 50,000 sq. ft.
Max Buildable Area, Envelope 400,000 sq. ft.
Max Dwelling Units 666
Affordable Units Required None
Parking Required 1 space per unit plus 1 guest space per 4 units
Required Bicycle Parking
Long Term 1 per 5 dwelling units, plus commercial parking
Short Term
Transitional Height Limitations
Required Open Space 20% of lot area
Other Development Notes Max Units based on buildable area divided by 600 sq. ft. min unit size
Development Potential (with TOC or DB)
Maximum FAR 11:1 (with utilization of green building and/or open space incentives)
Maximum Height
Feet

500 ft.

with incentives

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 50,000 sq. ft.
Max Buildable Area, Envelope 550,000 sq. ft.
Max Dwelling Units 901
Affordable Units Required at least 11% for Very Low Income residents, or 20% for Low Income residents, or 30% Moderate Income residents (for sale)
Parking Required 1 space per unit plus 1 guest space per 4 units
Required Bicycle Parking
Long Term 1 space per 5 units; plus commercial parking
Short Term
Transitional Height Limitations None
Required Open Space 20% of lot area
Other Development Notes Max Units based on buildable area divided by 600 sq. ft. min unit size
Red Flags
Property is subject to the requirements of the City of Long Beach Downtown 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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