Brick+Work

Los Feliz, 48 Unit Potential, 3.75 Max FAR

Los Feliz, 48 Unit Potential, 3.75 Max FAR

APN: 5544-010-026

$

$
48
Max Unit
22,014 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 19,441 sq. ft.
Units 0
Year Constructed 1930
Assessed Improvement Value $195,786
Assessed Land Value $298,473
Development Potential (By-Right)
Maximum FAR 2:1 (1.5:1 for commercial only uses)
Maximum Height
Feet

50 ft. (35 ft. for commercial only uses)

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 22,014 sq. ft.
Max Buildable Area, Envelope 44,029 sq. ft. (33,021 sq. ft. for commercial only uses)
Max Dwelling Units 27
Affordable Units Required None
Parking Required 1 space per unit with less than 3 habitable rooms 1.5 spaces per unit with more than 3 habitable rooms .25 spaces per unit for guest parking 1 space per guest room (first 30)
Required Bicycle Parking
Long Term 1 per 1.5 dwelling units or guest rooms
Short Term 1 per 15 dwelling unit or guest room
Transitional Height Limitations Portions of Subarea B with certain distances of Subarea A shall not exceed the following limits: Distance (ft.) Height (ft.) 0-49 25 50-99 33
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 Limited to R3 density per Specific Plan
Development Potential (with TOC or DB)
Maximum FAR 3.75:1
Maximum Height
Feet

72 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 22,014 sq. ft.
Max Buildable Area, Envelope 82,552 sq. ft.
Max Dwelling Units 48
Affordable Units Required at least 10% Extremely Low Income, or 14% Very Low Income, or 23% Low Income
Parking Required Less than .5 space per unit
Required Bicycle Parking
Long Term 1 per 1.5 dwelling units or guest rooms
Short Term 1 per 15 dwelling units or guest rooms
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
Jurisdictional
Legal Description Lot 4, W. Lamb Tract
Land Use Highway Oriented Commercial
Area Planning Commission Central
Community Plan Area Hollywood
Neighborhood Council Los Feliz
Council District 13
Councilmember Mitch O'Farrell
Red Flags
Property is subject to the requirements of the Vermont/Western TOD Specific Plan, which could limit the development potential of the site.
As outlined in ORD-182173-SA10, property is subject to height and FAR provisions of the Vermont/Western TOD Specific Plan
Development Plans on this property will be subject to review by the East Hollywood/Beverley Normandie Earthquake Disaster Assistance Project. This could also limit the utilization of TOC incentives.
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.