Brick+Work

North Hollywood C2 Lot Assemblage, 79 Potential Units with Density Bonus

North Hollywood

North Hollywood C2 Lot Assemblage, 79 Potential Units with Density Bonus

APN: 2335-031-019, 2335-031-006, 2335-031-004, 2335-031-017, 2335-031-016

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[Q]C2-1VL
Zone/District
79
Max Unit
23,073 sq. ft.
Lot Size
No
TOC
5
Lots
Existing Conditions
Floor Area 6,714 sq. ft. (combined)
Units 1
Year Constructed 1938-1950
Assessed Improvement Value $488,952 (combined)
Assessed Land Value $1,067,165 (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.

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

Back

15 ft.

0 ft. for commercial uses; add 1 foot of back setback for each story over 3, not to exceed 20 ft.;

Max Buildable Area, Footprint 23,073 sq. ft.
Max Buildable Area, Envelope 34,609 sq. ft.
Max Dwelling Units 57
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 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 Potential (with TOC or DB)
Maximum FAR 2.025:1
Maximum Height
Feet

45 ft.

Eligible for increase through bonus incentives; for each foot of additional height the building shall be set back one horizontal foot

Stories

3

Eligible for increase through bonus incentives; 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.

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

Back

12 ft.

0 ft. for commercial uses; add 1 foot of back setback for each story over 3, not to exceed 20 ft.;

Max Buildable Area, Footprint 23,073 sq. ft.
Max Buildable Area, Envelope 46,722 sq. ft.
Max Dwelling Units 79
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 bedroom; 2 spaces per unit with 2-3 bedrooms; 2.5 per unit with 4 bedrooms or more
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 Up to a 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 1 (Arb 1 & 2), 2, 3 (Arb 2), FR8, TR 9137
Land Use Neighborhood Office Commercial
Area Planning Commission South Valley
Community Plan Area North Hollywood-Valley Village
Neighborhood Council NoHo
Council District 2
Councilmember Paul Krekorian
Red Flags
Per Ord No 165108, the use of the property shall be limited to the uses permitted in the C1.5-1-VL Zone.
The building (A&J Tire) located on 6335 N Lankershim Blvd has been identified as being historically significant
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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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