Brick+Work

Palms C2, Tier 2 TOC Property, 55 Unit Potential

Los Angeles

Palms C2, Tier 2 TOC Property, 55 Unit Potential

APN: 4314-010-087, 4314-010-086

$ 6M

55
Max Unit
13,600 sq. ft.
Lot Size
Tier 2
TOC
2
Lots
Existing Conditions
Floor Area 3,437 sq. ft. (combined)
Units 0 (combined)
Year Constructed 1916/1920
Assessed Improvement Value $52,020 (combined)
Assessed Land Value $4,794,000 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

9 ft./30 ft.

30 ft./9 ft. building line per ORD-84670

Side

5 ft.

setbacks required only for residential stories; add 1 foot of side setback for each story over 2, not to exceed 16 ft.; no side setback required for commercial only uses; no side setbacks required for mixed use project abutting street or alley

Back

15 ft.

setbacks required only for residential stories; add 1 foot of back setback for each story over 3, not to exceed 20 ft.; no rear setback required for commercial only uses; no rear setbacks required for mixed use project abutting street or alley

Max Buildable Area, Footprint 8,955 sq. ft.
Max Buildable Area, Envelope 20,400 sq. ft.
Max Dwelling Units 34
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 3.25:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

9 ft./30 ft.

30 ft./9 ft. building line per ORD-84670

Side

5 ft.

side setback required for portions of buildings erected for residential uses, no setbacks required for ground floor commercial; no setbacks required for mixed use project abutting street or alley

Back

5 ft.

no setbacks required for mixed use project abutting street or alley or commercial only uses

Max Buildable Area, Footprint 9,405 sq. ft.
Max Buildable Area, Envelope 44,200 sq. ft.
Max Dwelling Units 55
Affordable Units Required at least 9% for Extremely Low Income, or 12% for Very Low Income, or 21% for Low Income
Parking Required Shall not be required to exceed 1 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 The building height shall be stepped back The building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 15 feet above grade at the property line of the adjoining lot.
Required Open Space Up to 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots FR 69 & 70, Harrison Curtis & Sweetser's Subdivision of Block P and 16 at "The Palms" Tract
Land Use General Commercial
Area Planning Commission West Los Angeles
Community Plan Area Palms-Mar Vista-Del Rey
Neighborhood Council Palms
Council District 5
Councilmember Paul Koretz
Red Flags
Property is subject to the requirements of the Exposition Corridor Transit Neighborhood Plan and the West Los Angeles Transportation Improvement and Mitigation Specific Plan, which could limit the development potential of the site.
BRICK+WORK Analyzer
Calculator
Please Enter Land Cost.
Please Enter Average Rents in Area.
Ask Administrator to enter the required values for the calculation of Financial Analyser.
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

Property Report Disclaimer

All data are obtained from government sources. No attempt has been made to verify the data’s accuracy.

This report is for informational purposes only. Do not rely on this report to support real estate or investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was obtained.

By publishing this property, you represent and warrant that you have obtained the authorization from the property owner to market this property AND to take actions on behalf of the property owner.