Brick+Work

Multiple Zoned 115k+ Sq. Ft. Corner Lot with 488 Unit Potential

Encino

Multiple Zoned 115k+ Sq. Ft. Corner Lot with 488 Unit Potential

APN: 2261021101, 2261021007

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C2-1L, C4-1L, R3-1, & P-1
Zone/District
488
Max Unit
116,826 sq. ft.
Lot Size
No
TOC
2
Lots
Existing Conditions
Floor Area 42,307 sq. ft. (combined)
Units 1 (combined)
Year Constructed 1954 & 1962
Assessed Improvement Value $3,686,512 (combined)
Assessed Land Value $12,465,065 (combined)
Development Potential (By-Right)
Maximum FAR 3:1 (R3) 1.5:1 (C2 & C4)
Maximum Height
Feet

45 ft.

Stories

None

Minimum Setbacks
Front

18 inches

Per Specific Plan, Ventura Blvd is considered front of lot, alternative front setbacks possible. Maximum front setback of 10 ft.

Side

5 ft. (R3)

Add 1 foot of side setback for each story over 2, not to exceed 16 ft. Per Specific Plan of C2 & C4 lots, no side yard shall be permitted at the Ground Floor, except that an accessway.

Back

15 ft. (R3)

No rear setback required from P portion of Lots.

Max Buildable Area, Footprint 77,485 sq. ft.
Max Buildable Area, Envelope 128,055 sq. ft.
Max Dwelling Units 360
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) See Ventura / Cahuenga Blvd Corridor Specific Plan for parking requirements by specific use.
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 Portions of Buildings in C or M zones with certain distances of RW1 or more restrictive zones shall not exceed the following limits: Distance (ft.) Height (ft.) 0-49 25 50-99 33 100-199 61
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 not permitted on P-1 portion of Lots. Per Specific Plan: Buildings and structures shall cover no more than 75 percent of the lot area. Per Specific Plan: 1.25:1 FAR permitted, additional 0.25:1 FAR granted for mixed use projects.
Development Potential (with TOC or DB)
Maximum FAR 4.05:1 (R3) 2.025:1 (C2 & C4)
Maximum Height
Feet

56 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

18 inches

Side

5 ft. (R3)

Back

12 ft. (R3)

No rear setback required from P portion of Lots.

Max Buildable Area, Footprint 77,770 sq. ft.
Max Buildable Area, Envelope 174,028 sq. ft.
Max Dwelling Units 488
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 30% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 2 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
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 No additional height shall be permitted for that portion of a building in a Housing Development Project that is located within 50 feet of a lot classified in an R1 or more restrictive or Project located on a lot sharing a common lot line with or across an alley from a lot classified in an R1 or more restrictive zone No additional height shall be permitted for that portion of a building in a Housing Development Project that is located within fifteen feet of a lot classified in the R2 zone.
Required Open Space Up to 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 3-6, TR 6571
Land Use Regional Center Commercial & Medium Residential
Area Planning Commission South Valley
Community Plan Area Encino - Tarzana
Neighborhood Council Encino
Council District 5
Councilmember Paul Koretz
Red Flags
Property is subject to the requirements of the Ventura / Cahuenga Boulevard Corridor Plan, which could limit the development potential of the site.
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Particulars By-Right TOC or DB
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Net Buildable
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Total Development Budget
Gross Annual Rents
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