Brick+Work

Midtown Long Beach 4 Combined Lots, 48k sq. ft. + Development Potential

Long Beach

Midtown Long Beach 4 Combined Lots, 48k sq. ft. + Development Potential

APN: 7206-023-021, -022, -023, -024

$

Midtown Specific Plan - Corridor
Zone/District
No Residential Density Limit
Max Unit
24,000 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 4,307 sq. ft. (combined)
Units 5 (combined)
Year Constructed Several
Assessed Improvement Value $613,218 (combined)
Assessed Land Value $1,331,712 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

36 ft.

14 ft. minimum ground floor height

Stories

3

Minimum Setbacks
Front

6 ft.

Side

5 ft.

Back

5 ft.

10 ft. from centerline of alley

Max Buildable Area, Footprint 20,710 sq. ft.
Max Buildable Area, Envelope 36,000 sq. ft.
Max Dwelling Units No Residential Density Limit
Affordable Units Required None
Parking Required 1 space per unit with 0-1 bedrooms, 1.25 spaces per unit with 2 bedrooms; 1.5 spaces per unit with 3 or more bedrooms; 1 guest space per 4 units
Required Bicycle Parking
Long Term 1 space per 2 units; 1 enclosed locker for every 50 units
Short Term N/A
Transitional Height Limitations None required
Required Open Space 50 sq. ft. per unit plus 10% of non-residential floor area for mixed-use
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 2.025:1
Maximum Height
Feet

36 ft.

Eligible for increase through bonus incentives

Stories

3

Eligible for increase through bonus incentives

Minimum Setbacks
Front

6 ft.

Side

5 ft.

Eligible for decrease through bonus incentives

Back

5 ft.

10 ft. from centerline of alley; Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 20,710 sq. ft.
Max Buildable Area, Envelope 48,600 sq. ft.
Max Dwelling Units No Residential Density Limit
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 bedrooms, 1.25 spaces per unit with 2 bedrooms; 1.5 spaces per unit with 3 or more bedrooms; 1 guest space per 4 units
Required Bicycle Parking
Long Term 1 space per 2 units; 1 enclosed locker for every 50 units
Short Term N/A
Transitional Height Limitations None required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes
Jurisdictional
Legal Description Lots 4-11, Block 3, Crowes Vista Del Mar Tract
Land Use Midtown Specific Plan
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
Property is subject to the requirements of the Midtown Specific Plan, which could limit the development potential of the site.
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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%)
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Equity After Completion
Equity Multiple
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