Brick+Work

Los Feliz R3 Corner Site, 38 Potential Units with Tier 1 TOC

los feliz

Los Feliz R3 Corner Site, 38 Potential Units with Tier 1 TOC

APN: 5589022011, 5589022012

Print Friendly and PDF
R3-1XL
Zone/District
38
Max Unit
19,513 sq. ft.
Lot Size
Tier 1
TOC
2
Lots
Existing Conditions
Floor Area 13,345 sq. ft. (combined)
Units 12 (combined)
Year Constructed 1941
Assessed Improvement Value $913,742 (combined)
Assessed Land Value $1,343,743 (combined)
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

25 ft.

25 ft. building line along Vermont Ave. per ORD-129279

Side

5 ft.

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

Back

15 ft.

Max Buildable Area, Footprint 13,200 sq. ft.
Max Buildable Area, Envelope 39,600 sq. ft.
Max Dwelling Units 24
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 4.2:1
Maximum Height
Feet

41 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

25 ft.

25 ft. building line along Vermont Ave. per ORD-129279

Side

5 ft.

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

Back

11.25 ft.

Max Buildable Area, Footprint 13,650 sq. ft.
Max Buildable Area, Envelope 55,440 sq. ft.
Max Dwelling Units 38
Affordable Units Required at least 8% for Extremely Low Income, or 11% for Very Low Income, or 20% for Low Income
Parking Required Shall not exceed .5 space per bedroom
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 Lots 29 & 30, TR 3907
Land Use Medium Residential
Area Planning Commission Central
Community Plan Area Hollywood
Neighborhood Council Los Feliz
Council District 4
Councilmember Nithya Raman
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.
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.