Brick+Work

Mid City West C2 Corner Lots, 103 Potential Units with TOC Tier 4

Los Angeles

Mid City West C2 Corner Lots, 103 Potential Units with TOC Tier 4

APN: 5510026041, 5510026042, 5510026043, 5510026050

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C2-1VL-O
Zone/District
103
Max Unit
22,557 sq. ft. (combined)
Lot Size
Tier 4
TOC
6
Lots
Existing Conditions
Floor Area 19,068 sq. ft. (combined)
Units 0
Year Constructed 1930-1940
Assessed Improvement Value $777,452 (combined)
Assessed Land Value $5,547,261 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

45 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

0 ft.

Side

5 ft.

Setbacks required only for residential stories; add 1 foot of side setback for each story over 2, not to exceed 16 ft.; no side setback required for commercial only uses; no side setbacks required for mixed use project abutting street or alley

Back

15 ft.

Setbacks required only for residential stories; add 1 foot of back setback for each story over 3, not to exceed 20 ft.; no rear setback required for commercial only uses; no rear setbacks required for mixed use project abutting street or alley

Max Buildable Area, Footprint 22,557 sq. ft.
Max Buildable Area, Envelope 33,836 sq. ft.
Max Dwelling Units 56
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 4.25:1
Maximum Height
Feet

78 ft.

Projects located in a zone where the maximum height is 45 ft. or less, or located within a Specific Plan that limits height, height increases over 11 ft. must be stepped-back at least 15 ft. from the exterior face of the ground floor building located at any street frontage.

Stories

6

Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories

Minimum Setbacks
Front

None

Side

5 ft. for ground floor residential uses; 0 ft. for ground floor commercial uses

Back

5 ft.

no setbacks required for mixed use project abutting street or alley or commercial only uses

Max Buildable Area, Footprint 22,557 sq. ft.
Max Buildable Area, Envelope 95,867 sq. ft.
Max Dwelling Units 103
Affordable Units Required At least 11% for Extremely Low Income, or 15% for Very Low Income, or 25% for Low Income
Parking Required No required parking for residential units
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 Within the first 25 feet of the property line abutting or across the street or alley from the RW1 or more restrictive zone the building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 25 feet above grade at the property line of the adjoining lot in the more restrictive zone
Required Open Space Up to 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 37, 38, 39, 40, 41 (Arb 1 & 2), Block 5, TR 7555
Land Use Neighborhood Office Commercial
Area Planning Commission Central
Community Plan Area Wilshire
Neighborhood Council Mid-City West
Council District 5
Councilmember Paul Koretz
Red Flags
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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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