Brick+Work

Los Feliz RD1.5 Property, 18 Potential Units with Density Bonus

Los Angeles

Los Feliz RD1.5 Property, 18 Potential Units with Density Bonus

APN: 5433-004-031

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RD1.5-1XL
Zone/District
18
Max Unit
18,614 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 2,819 sq. ft.
Units 6
Year Constructed 1924/1927
Assessed Improvement Value $10,162
Assessed Land Value $136,723
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 ft. of side setback for each story over 2, not to exceed 16 ft.

Back

5 ft.

15 ft. from midpoint of rear alley

Max Buildable Area, Footprint 14,294 sq. ft.
Max Buildable Area, Envelope 42,882 sq. ft.
Max Dwelling Units 12
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 4.05:1
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

15 ft.

Side

5 ft.

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

Back

2 ft.

12 ft. from rear alley midpoint

Max Buildable Area, Footprint 14,621 sq. ft.
Max Buildable Area, Envelope 57,891 sq. ft.
Max Dwelling Units 18
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 30% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 1.5 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
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 PT Lots 4, 5, & 6, Block 20, Ivanhow Tract
Land Use Low Medium II 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.
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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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