Brick+Work

Mid City R4/C4 Property, 31 Potential Units with TOC Tier 2

LOS ANGELES

Mid City R4/C4 Property, 31 Potential Units with TOC Tier 2

APN: 5083-033-018

$

R4-1-O/C4-1-O
Zone/District
31 (24 for R4 zone; 7 for C4 zone)
Max Unit
7,406 sq. ft.
Lot Size
Tier 2
TOC
1
Lots
Existing Conditions
Floor Area N/A
Units N/A
Year Constructed N/A
Assessed Improvement Value $0
Assessed Land Value $636,724
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

15 ft. for R4 zone; 0 ft. for C4 zone

Side

4 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 4,253 sq. ft.
Max Buildable Area, Envelope 12,759 sq. ft.
Max Dwelling Units 17 (14 for R4 zone; 3 for C4 zone)
Affordable Units Required at least 15% of all new and rehabilitated dwelling units developed within the Project Area by public or private entities shall be available at affordable housing cost to persons and families of low- or moderate-income; and of such 15%, not less than 40% shall be available at affordable housing cost 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 Per the Mid City Redevelopment Plan, all setback areas shall be landscaped and maintained by the owner
Development Potential (with TOC or DB)
Maximum FAR 4.35:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

15 ft. for R4 zone; 0 ft. for C4 zone

R4 setback eligible for decrease through incentives

Side

2.8 ft.

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

Back

5 ft.

setback is based off of commercial zone TOC incentive

Max Buildable Area, Footprint 5,337 sq. ft.
Max Buildable Area, Envelope 23,215 sq. ft.
Max Dwelling Units 31 (24 for R4 zone; 7 for C4 zone)
Affordable Units Required at least 9% for Extremely Low Income, or 12% for Very Low Income, or 21% for Low Income(subject to change per Redevelopment Project)
Parking Required Shall not exceed 0.5 spaces 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 20% decrease in required open space
Other Development Notes Per the Mid City Redevelopment Plan, all setback areas shall be landscaped and maintained by the owner
Jurisdictional
Legal Description Lot 175, Arb 2, Victoria Park Tract
Land Use Community Commercial
Area Planning Commission Central
Community Plan Area Wilshire
Neighborhood Council Mid City
Council District 10
Councilmember Mark Ridley-Thomas
Red Flags
Development Plans on this property will be subject to review by the Mid City Recovery Redevelopment Project. 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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