Brick+Work

Pico Union CM Lot Assemblage, 228 Potential Units with TOC Tier 3

Los Angeles

Pico Union CM Lot Assemblage, 228 Potential Units with TOC Tier 3

APN: 5135-035-020

$ 0

$ 600,000
CM-1-HPOZ/CM-1
Zone/District
228
Max Unit
106,643 sq. ft.
Lot Size
Tier 3
TOC
20
Lots
Existing Conditions
Floor Area 150,257 sq. ft.
Units 0
Year Constructed 1967-1980
Assessed Improvement Value $0
Assessed Land Value $41,311,316
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 side setback required for commercial only uses

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

Max Buildable Area, Footprint 106,643 sq. ft.
Max Buildable Area, Envelope 159,964 sq. ft.
Max Dwelling Units 133
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
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.

add 1 foot of side setback for each story over 2, not to exceed 16 ft.; no side setback required for commercial only uses

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

Max Buildable Area, Footprint 106,643 sq. ft.
Max Buildable Area, Envelope 399,911 sq. ft.
Max Dwelling Units 228
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 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot FR 1 (Arbs 1-3), FR 2 (Arb 1-3), FR 21 (Arb 1-2), Lots 3-5, Lot 6 (Arb 1,2) Lot 7 (Arb 1), Lot 8 (Arb 1-2), POR 12-20, 22, VAC ORD 133414, Block 4, Greenwell Tract
Land Use Commercial Manufacturing
Area Planning Commission Central
Community Plan Area Westlake
Neighborhood Council Pico Union
Council District 1
Councilmember Gilbert Cedillo
Red Flags
Property is subject to the guidelines of the ZI-2440 Historic Preservation Overlay Zone, which could limit the development potential of the site.
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this 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%)
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