Brick+Work

Mid City West R3 Property, 13 Potential Units with TOC Tier 4

Los Angeles

Mid City West R3 Property, 13 Potential Units with TOC Tier 4

APN: 5510-026-002

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[Q]R3-1-O
Zone/District
13
Max Unit
6,250 sq. ft.
Lot Size
Tier 4
TOC
1
Lots
Existing Conditions
Floor Area 5,196 sq. ft.
Units 6
Year Constructed 1929
Assessed Improvement Value $472,260
Assessed Land Value $439,516
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

45 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

15 ft.

Max Buildable Area, Footprint 3,500 sq. ft.
Max Buildable Area, Envelope 10,500 sq. ft.
Max Dwelling Units 5
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 4.65:1
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

None

Minimum Setbacks
Front

9.75 ft.

Side

3.25 ft./5 ft.

Back

9.75 ft.

Max Buildable Area, Footprint 4,244 sq. ft.
Max Buildable Area, Envelope 19,734 sq. ft.
Max Dwelling Units 13
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
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 2, Block 5, TR 7555
Land Use Medium Residential
Area Planning Commission Central
Community Plan Area Wilshire
Neighborhood Council Mid-City West
Council District 5
Councilmember Paul Koretz
Red Flags
Per ORD No.165331, residential uses shall be permitted at a density not to exceed one dwelling unit per 1,200 square feet of lot area
Site has been identified by the 6th Street-Orange Street Multi-Family Residential Historic District as having historically significant design features
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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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