Brick+Work

Mid City West R3 Lot Assemblage, 57 Potential Units with TOC Tier 3

Los Angeles

Mid City West R3 Lot Assemblage, 57 Potential Units with TOC Tier 3

APN: 5529-001-017; 5529-001-018; 5529-001-019; 5529-001-020

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[Q]R3-1
Zone/District
57
Max Unit
26,008 sq. ft.
Lot Size
Tier 3
TOC
4
Lots
Existing Conditions
Floor Area 14,209 sq. ft. (combined)
Units 12 (combined)
Year Constructed 1924-1940
Assessed Improvement Value $1,545,796
Assessed Land Value $5,431,699
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

45 ft.

any height between 25 and 35 feet shall be stepped back 1/2 foot for each additional foot of height between 25 and 35 feet, and any additional height above 35 feet shall be stepped back one foot for each additional foot of height above 35 feet from that portion of the building below

Stories

None

Minimum Setbacks
Front

10 ft.

Side

5 ft.

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

Back

15 ft.

Setback is established per Ord No. 178884

Max Buildable Area, Footprint 19,708 sq. ft.
Max Buildable Area, Envelope 59,124 sq. ft.
Max Dwelling Units 32
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 4.5:1
Maximum Height
Feet

67 ft.

any height between 25 and 35 feet shall be stepped back 1/2 foot for each additional foot of height between 25 and 35 feet, and any additional height above 35 feet shall be stepped back one foot for each additional foot of height above 35 feet from that portion of the building below

Stories

None

Minimum Setbacks
Front

7 ft.

Side

3.5/5 ft.

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

Back

10.5 ft.

Max Buildable Area, Footprint 21,403 sq. ft.
Max Buildable Area, Envelope 96,313 sq. ft.
Max Dwelling Units 57
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 0.5 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 92-95, TR 5191
Land Use Medium Residential
Area Planning Commission Central
Community Plan Area Hollywood
Neighborhood Council Mid-City West
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.
Per Ord No. 178884 ([Q] Condition), the site is subject to a zone change and additional development standards.
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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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