Brick+Work

North University Park RD1.5 Property, 14 Potential Units with Tier 3 TOC

North University Park RD1.5 Property, 14 Potential Units with Tier 3 TOC

APN: 5123-015-401

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RD1.5-1
Zone/District
14
Max Unit
12,831 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 0 sq. ft.
Units 0
Year Constructed N/A
Assessed Improvement Value $0
Assessed Land Value $716,736
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 ft. of side setback for each story over 2, not to exceed 16 ft.

Back

5 ft.

15 ft. from midpoint of rear alley

Max Buildable Area, Footprint 9,815 sq. ft.
Max Buildable Area, Envelope 29,445 sq. ft.
Max Dwelling Units 9
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 4.35:1
Maximum Height
Feet

67 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

15 ft.

Side

5 ft./3.5 ft.

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

Back

.5 ft.

10.5 ft. from midpoint of rear alley

Max Buildable Area, Footprint 10,341 sq. ft.
Max Buildable Area, Envelope 42,695 sq. ft.
Max Dwelling Units 14
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 .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 Lots 35 & PT 36, Del Valle's Subdivision of Part of the Wheeler Tract
Land Use Low Medium II Residential
Area Planning Commission South Los Angeles
Community Plan Area South Los Angeles
Neighborhood Council Empowerment Congress North
Council District 9
Councilmember Curren D. Price, Jr.
Red Flags
Property is subject to the requirements of the South LA Alcohol Specific Plan, which could limit the development potential of the site.
Development Plans on this property will be subject to review by the Exposition/University Park Redevelopment Project. This could also limit the utilization of TOC incentives.
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this 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%)
NOI
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Equity After Completion
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