Brick+Work

Palms MU(EC) Corner Property, 15k sq. ft. Maximum Floor Area

Los Angeles

Palms MU(EC) Corner Property, 15k sq. ft. Maximum Floor Area

APN: 4207002001

$

$
MU(EC)
Zone/District
No maximum residential density
Max Unit
4,014 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 5,150 sq. ft.
Units 0
Year Constructed 1953
Assessed Improvement Value $439,450
Assessed Land Value $417,377
Development Potential (By-Right)
Maximum FAR 2:1
Maximum Height
Feet

68 ft.

Per subarea 7 of Specific Plan. If the ground floor is > 15 ft. the max height may be exceeded by 5 ft.; If the lot is on a slope that is > 15 ft. then the building may exceed the height by 5 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

5 ft. side setback required for ground floor residential

Side

0 ft.

5 ft. side setback required for ground floor residential

Back

0 ft.

Max Buildable Area, Footprint 4,253 sq. ft.
Max Buildable Area, Envelope 8,506 sq. ft.
Max Dwelling Units No maximum residential density
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 minimum of 1 sq. ft. of usable open space for every 25 sq. ft. of non-residential uses.
Other Development Notes The Exposition Corridor Streetscape plan requires additional improvements to the Streetscape. There is a minimum requirement of 10% non-residential use and 350 sq. ft. minimum unit size
Development Potential (with TOC or DB)
Maximum FAR 3.6:1
Maximum Height
Feet

68 ft.

No additional height from TNP incentive; Per subarea 7 of Specific Plan. If the ground floor is > 15 ft. the max height may be exceeded by 5 ft.; If the lot is on a slope that is > 15 ft. then the building may exceed the height by 5 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

5 ft. side setback required for ground floor residential

Side

0 ft.

5 ft. side setback required for ground floor residential

Back

0 ft.

Max Buildable Area, Footprint 4,253 sq. ft.
Max Buildable Area, Envelope 15,310 sq. ft.
Max Dwelling Units No maximum residential density
Affordable Units Required at least 11% for extremely low income, 15% for very low income, and 25% for low income
Parking Required for residential parking it is reduced to 0.5 spaces per unit, for non-residential parking there is a 30% reduction from the required parking.
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 Eligible for publicly accessible open space reduction
Other Development Notes Incentives are based on TNP Bonus There is a minimum requirement of 10% non-residential use. The Exposition Corridor Streetscape plan requires additional improvements to the Streetscape.
Jurisdictional
Legal Description Lot FR 1, Block 13, TR 2444
Land Use Community Commercial
Area Planning Commission West Los Angeles
Community Plan Area Palms-Mar Vista-Del Rey
Neighborhood Council Palms
Council District 5
Councilmember Paul Krekorian
Red Flags
Property is subject to the requirements of the Exposition Corridor Transit Neighborhood 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.