Brick+Work

MacArthur Park R4-1 Property, 79 Potential Units with Tier 3 TOC

Los Angeles

MacArthur Park R4-1 Property, 79 Potential Units with Tier 3 TOC

APN: 5076-002-024

$

79
Max Unit
9,600 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 4,465 sq. ft.
Units 19
Year Constructed 1908
Assessed Improvement Value $295,283
Assessed Land Value $1,407,161
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

None

Stories

None

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.

add 1 foot of back setback for each story over 3, not to exceed 20 ft.

Max Buildable Area, Footprint 6,200 sq. ft.
Max Buildable Area, Envelope 18,600 sq. ft.
Max Dwelling Units 46
Affordable Units Required at least 15% of all new and rehabilitated dwelling units developed shall be available at housing costs of low- or moderate income; and of such 15%, not less than 40% shall be available to very low-income households
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 4.5:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

15 ft.

Eligible for decrease through incentives

Side

5 ft./3.5 ft.

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

Back

10.5 ft.

add 1 foot of back setback for each story over 3, not to exceed 20 ft.

Max Buildable Area, Footprint 6,710 sq. ft.
Max Buildable Area, Envelope 30,195 sq. ft.
Max Dwelling Units 79
Affordable Units Required at least 10% for Extremely Low Income, or 14% for Very Low Income, or 23% for Low Income
Parking Required Shall not exceed .5 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 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot 171, CLARK AND BRYAN'S WESTMORELAND TRACT
Land Use High Medium Residential
Area Planning Commission Central
Community Plan Area Wilshire
Neighborhood Council MacArthur Park
Council District 1
Councilmember Gilbert Cedillo
Red Flags
Development Plans on this property will be subject to review by the Wilshire Center/Koreatown. This could also limit the utilization of TOC incentives.
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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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