Brick+Work

Pasadena RM-48 Lots, 41 Potential Units with Density Bonus

Pasadena RM-48 Lots, 41 Potential Units with Density Bonus

APN: 5734-010-058

$ 0

$ 14,125,000
RM-48 HL-40(45)
Zone/District
41
Max Unit
26,593 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 26,331 sq. ft.
Units 0
Year Constructed 1973
Assessed Improvement Value $1,322,488
Assessed Land Value $2,227,353
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

40 ft.

Stories

None

Minimum Setbacks
Front

20 ft.

Side

5 ft.

Side setbacks only required within 40 ft. behind front setback line

Back

0 ft.

Max Buildable Area, Footprint 23,533 sq. ft.
Max Buildable Area, Envelope No FAR or stories limit
Max Dwelling Units 29
Affordable Units Required None
Parking Required 2 covered spaces per unit 650 sq. ft. or larger 1 covered space per unit less than 650 sq. ft. 1 guest parking space per 10 units
Required Bicycle Parking
Long Term 1 space/6 DU
Short Term 1 space/6 DU
Transitional Height Limitations None Required
Required Open Space 4,520 sq. ft. main common open space; 7,712 sq. ft. total open space
Other Development Notes Per the Pasadena Municipal Code, a minimum of 910 sq. ft. per dwelling unit is allowed
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

40 ft.

Eligible for increase through bonus incentives

Stories

None

Minimum Setbacks
Front

20 ft.

Eligible for decrease through bonus incentives

Side

5 ft.

eligible for decrease through bonus incentives; Side setbacks only required within 40 ft. behind front setback line

Back

0 ft.

Max Buildable Area, Footprint 23,533 sq. ft.
Max Buildable Area, Envelope No FAR or stories limit
Max Dwelling Units 41
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 2 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
Required Bicycle Parking
Long Term 1 space/6 DU
Short Term 1 space/6 DU
Transitional Height Limitations None Required
Required Open Space Eligible for decrease through bonus incentives; 4,520 sq. ft. main common open space; 7,712 sq. ft. total open space
Other Development Notes Per the Pasadena Municipal Code, a minimum of 910 sq. ft. per dwelling unit is allowed
Jurisdictional
Legal Description Lots 7-8, Block J, San Pasqual Tract
Land Use High Density Residential
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
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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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