Brick+Work

Park Mesa Heights C2 Corner Lot, 131 Unit Potential with Tier 3 TOC

Los Angeles

Park Mesa Heights C2 Corner Lot, 131 Unit Potential with Tier 3 TOC

APN: 5013016019

$

C2-2D-SP
Zone/District
131
Max Unit
30,449 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 5,072 sq. ft.
Units 0
Year Constructed 1962 & 1969
Assessed Improvement Value $422,974
Assessed Land Value $184,296
Development Potential (By-Right)
Maximum FAR 2:1
Maximum Height
Feet

48 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

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.

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 25,875 sq. ft.
Max Buildable Area, Envelope 60,898 sq. ft.
Max Dwelling Units 76
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;
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100;
Transitional Height Limitations Where the rear or side yard property line is contiguous with that of a residential lot, or separated by an alley, the entire building shall be setback or individual floors "stepped back” one foot for every one foot in height as measured 15 feet above grade at the residential property line 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 2:1 FAR based on a mixed use project in subarea E of specific plan abutting an R1 lot to the rear.
Development Potential (with TOC or DB)
Maximum FAR 3.75:1
Maximum Height
Feet

70 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

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

15 ft.

15 ft. rear setback required if abutting RD or more restrictive zone; no setbacks required for mixed use project abutting street or alley or commercial only uses

Max Buildable Area, Footprint 25,875 sq. ft.
Max Buildable Area, Envelope 114,183 sq. ft.
Max Dwelling Units 131
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;
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;
Transitional Height Limitations The building height limit shall be stepped-back at a 45-degree angle as measured from a horizontal plane originating 25 feet above grade at the property line of the adjoining lot.
Required Open Space Up to 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 712-715, TR 5535
Land Use Community Commercial
Area Planning Commission South Los Angeles
Community Plan Area West Adams-Baldwin Hills-Leimert
Neighborhood Council Park Mesa Heights
Council District 8
Councilmember Marqueece Harris-Dawson
Red Flags
Property is subject to the requirements of the South Los Angeles Alcohol Sales and the Crenshaw Corridor Area Plan, which could limit the development potential of the site.
ORD-184796-SA1540: New uses and development projects shall comply with Crenshaw Corridor Specific Plan regulations
Development plans on this property will be subject to review by the Crenshaw (Ammended) CRA/LA. 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.
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.