Brick+Work

Mar Vista, 59 Unit Potential, 4.2 Max FAR

Los Angeles

Mar Vista, 59 Unit Potential, 4.2 Max FAR

APN:

$

$
59
Max Unit
30,425 sq. ft.
Lot Size
Tier 1
TOC
5
Lots
Existing Conditions
Floor Area 21,890 sq. ft. (combined)
Units 25 (combined)
Year Constructed Several
Assessed Improvement Value $1,275,857 (combined)
Assessed Land Value $2,278,902 (combined)
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

45 ft.

Stories

None

Minimum Setbacks
Front

15 ft.

10 ft. front setback for key lots

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 24,568 sq. ft.
Max Buildable Area, Envelope 91,275 sq. ft.
Max Dwelling Units 38
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 per 1.5 dwelling units or guest rooms
Short Term 1 per 15 dwelling unit or guest room
Transitional Height Limitations None
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 Minimum 500 sq. ft./guest room
Development Potential (with TOC or DB)
Maximum FAR 4.2:1
Maximum Height
Feet

56 ft.

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

11.3 ft.

Max Buildable Area, Footprint 24,911 sq. ft.
Max Buildable Area, Envelope 127,785 sq. ft.
Max Dwelling Units 59
Affordable Units Required at least 8% Extremely Low Income, or 11% Very Low Income, or 20% Low Income
Parking Required Less than .5 space per bedroom
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 None
Required Open Space Up to 20% decrease in required open space
Other Development Notes Minimum 500 sq. ft./guest room
Jurisdictional
Legal Description Lots FR 1 & 2, TR 1890
Land Use Medium Residential
Area Planning Commission West Los Angeles
Community Plan Area Palms-Mar Vista-Del Rey
Neighborhood Council Mar Vista
Council District 5
Councilmember Paul Koretz
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.
Property is subject to the requirements of the West Los Angeles Transportation Improvement and Mitigation Specific Plan, which could limit the development potential of the site.
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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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