Brick+Work

PICO C4 Property, 157 Potential Units with TOC Tier 3

Los Angeles

PICO C4 Property, 157 Potential Units with TOC Tier 3

APN: 5070-018-031 ; 5070-018-004 ; 5070-018-033

$

$
C4-1-O
Zone/District
157
Max Unit
36,373 sq. ft.
Lot Size
Tier 3
TOC
3
Lots
Existing Conditions
Floor Area 10,805 sq. ft. (combined)
Units 5 (combined)
Year Constructed 1958-1983
Assessed Improvement Value $662,855 (combined)
Assessed Land Value $5,464,980 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

None

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 setbacks for commercial uses

Back

15 ft.

add 1 foot of back setback for each story over 3, not to exceed 20 ft.; no setbacks for commercial uses

Max Buildable Area, Footprint 36,654 sq. ft.
Max Buildable Area, Envelope 54,981 sq. ft.
Max Dwelling Units 91
Affordable Units Required at least 15% of all new and rehabilitated dwelling units developed within the Project Area by public or private entities shall be available at affordable housing cost to persons and families of low- or moderate-income; and of such 15%, not less than 40% shall be available at affordable housing cost to very low-income households
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
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 3.75:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

0 ft. for ground floor commercial

Back

15 ft.

0 ft. for ground floor commercial

Max Buildable Area, Footprint 36,654 sq. ft.
Max Buildable Area, Envelope 137,452 sq. ft.
Max Dwelling Units 157
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; 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 Up to a 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots FR 1-6, Block 6, TR 1740
Land Use General Commercial
Area Planning Commission Central
Community Plan Area Wilshire
Neighborhood Council P.I.C.O.
Council District 10
Councilmember Mark Ridley-Thomas
Red Flags
Development Plans on this property will be subject to review by the Mid City Recovery Redevelopment Project. This could also limit the utilization of TOC incentives.
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.