Brick+Work

Olympic Park 9 Lots, 266 Unit Potential

Olympic Park 9 Lots, 266 Unit Potential

APN: Several

$ 23M

266
Max Unit
62,206 sq. ft.
Lot Size
Tier 3
TOC
9
Lots
Existing Conditions
Floor Area 8,104 sq. ft. (combined)
Units 18 (combined)
Year Constructed Various
Assessed Improvement Value $1,627,048 (combined)
Assessed Land Value $9,769,040 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

None

Stories

None

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.

Back

15 ft.

Max Buildable Area, Footprint 51,045 sq. ft.
Max Buildable Area, Envelope 76,568 sq. ft.
Max Dwelling Units 155
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 per dwelling unit or guest room
Short Term 1 per 10 dwelling unit or guest room
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 3.75:1
Maximum Height
Feet

None

*projects located in a zone where the maximum height is 45' or less, or located within a specific plan that limits height, height increases over 11 feet must be stepped-back at least 15 feet from the exterior face of the ground floor building located at any street frontage.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

Back

5 ft.

Max Buildable Area, Footprint 52,275 sq. ft.
Max Buildable Area, Envelope 196,031 sq. ft.
Max Dwelling Units 266
Affordable Units Required at least 10% for Extremely Low Income residents, or 14% for Very Low Income residents, or 23% for Low Income Residents
Parking Required less than .5 spaces per unit
Required Bicycle Parking
Long Term 1 per dwelling unit or guest room
Short Term 1 per 10 dwelling units or guest rooms
Transitional Height Limitations When bordering specific plan, overlay zone, or RW1 or more restrictive zone, the building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 25 ft. above grade at the property line of the adjoining lot.
Required Open Space Up to 25% decrease in open space required by-right.
Other Development Notes
Jurisdictional
Legal Description Lots 50-58, N.C. Kelley's Montview Tract
Land Use Neighborhood Commercial
Area Planning Commission Central
Community Plan Area Wilshire
Neighborhood Council Olympic Park
Council District 10
Councilmember Herb J. Wesson, Jr.
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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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