Brick+Work

Pasadena CD-1 Lot, 219 Potential Units with Density Bonus

Pasadena

Pasadena CD-1 Lot, 219 Potential Units with Density Bonus

APN: 5723-021-027

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219
Max Unit
72,658 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 233,424 sq. ft.
Units 314
Year Constructed 1999
Assessed Improvement Value $51,781,662
Assessed Land Value $9,457,351
Development Potential (By-Right)
Maximum FAR 2.25:1
Maximum Height
Feet

60 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 72,658 sq. ft.
Max Buildable Area, Envelope 163,480 sq. ft.
Max Dwelling Units 145
Affordable Units Required None
Parking Required Units less than 650 square feet: A limit of 1 parking space for each unit (no more or less); Units 650 square feet or more: A minimum of 1.5 parking spaces shall be required for each unit, to a maximum of 1.75 spaces per unit.
Required Bicycle Parking
Long Term 1 space for every six dwelling units
Short Term 1 space for every six dwelling units
Transitional Height Limitations None required
Required Open Space 14,531 sq. ft. main common open space; 24,703 sq. ft. total open space
Other Development Notes Per the municipal code, housing on the ground floor is prohibited and the site is limited to 87 dwelling units per acre.
Development Potential (with TOC or DB)
Maximum FAR 2.75:1
Maximum Height
Feet

60 ft.

Eligible for increase through bonus incentives

Stories

None

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 72,658 sq. ft.
Max Buildable Area, Envelope 199,809 sq. ft.
Max Dwelling Units 219
Affordable Units Required at least 15% for Very Low Income, 24% for Low Income, or 44% for Moderate Income (for sale)
Parking Required Units less than 650 square feet: A limit of 1 parking space for each unit (no more or less); Units 650 square feet or more: A minimum of 1.5 parking spaces shall be required for each unit, to a maximum of 1.75 spaces per unit.
Required Bicycle Parking
Long Term 1 space for every six dwelling units
Short Term 1 space for every six dwelling units
Transitional Height Limitations None required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes Per the municipal code, housing on the ground floor is prohibited and the site is limited to 87 dwelling units per acre.
Jurisdictional
Legal Description N Line of Lot 1, P M 126-49-50
Land Use Central District Specific Plan
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
Property is subject to the requirements of the Central District Specific Plan, which could limit the development potential of the 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
Valuation
Equity After Completion
Equity Multiple
IRR

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