Brick+Work

Mar Vista R3 Corner Property, 13 Potential Units with Density Bonus

Los Angeles

Mar Vista R3 Corner Property, 13 Potential Units with Density Bonus

APN: 4248-015-007

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[Q]R3-1
Zone/District
13
Max Unit
8,042 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 2,500 sq. ft.
Units 1
Year Constructed 1947
Assessed Improvement Value $149,083
Assessed Land Value $385,064
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

33 ft.

Stories

2

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.

Max Buildable Area, Footprint 4,892 sq. ft.
Max Buildable Area, Envelope 14,676 sq. ft.
Max Dwelling Units 8
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 Per Ord No. 164475 ([Q] Condition), there shall be at least 1,000 square feet of lot area for each dwelling unit
Development Potential (with TOC or DB)
Maximum FAR 4.05:1
Maximum Height
Feet

44 ft.

Stories

3

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

12 ft.

Max Buildable Area, Footprint 5,117 sq. ft.
Max Buildable Area, Envelope 20,723 sq. ft.
Max Dwelling Units 13
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedroom; 2 spaces per unit with 2-3 bedrooms; 2.5 per unit with 4 bedrooms or more
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 Per Ord No. 164475 ([Q] Condition), there shall be at least 1,000 square feet of lot area for each dwelling unit
Jurisdictional
Legal Description Lot 156, TR 13773
Land Use Low Residential
Area Planning Commission West Los Angeles
Community Plan Area Palms-Mar Vista-Del Rey
Neighborhood Council Mar Vista
Council District 11
Councilmember Mike Bonin
Red Flags
Property is subject to the requirements of the West Los Angeles Transportation Improvement and Mitigation, which could limit the development potential of the site
Per Ord No. 164475 ([Q] Condition), there shall be at least 1,000 square feet of lot area for each dwelling unit and no portion of the new building or structure can exceed two stories or 33 feet as measured from the top of the roof or parapet.
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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
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