Brick+Work

Pomona 37k sq. ft. Assemblage, 90 Potential Units with Density Bonus

Pomona

Pomona 37k sq. ft. Assemblage, 90 Potential Units with Density Bonus

APN: 8333-020-020, 8333-020-021

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Corridors SP - Midtown
Zone/District
90
Max Unit
36,960 sq. ft.
Lot Size
N/A
TOC
2
Lots
Existing Conditions
Floor Area 4,490 sq. ft. (combined)
Units 0
Year Constructed 1964
Assessed Improvement Value $212,241 (combined)
Assessed Land Value $424,482 (combined)
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

None

Stories

4

Minimum Setbacks
Front

0 ft.

15 ft. maximum

Side

5 ft.

10 ft. minimum with living space windows

Back

10 ft.

Max Buildable Area, Footprint 32,940 sq. ft.
Max Buildable Area, Envelope 131,760 sq. ft.
Max Dwelling Units 59
Affordable Units Required None
Parking Required 1 space per studio unit 1.5 spaces per 1-BR unit 2 spaces per 2-BR unit .5 spaces per additional unit beyond 2-BR 1 guest space per 4 units
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None required
Required Open Space 150 sq. ft. per unit
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

None

Eligible for increase through bonus incentives

Stories

4

Eligible for increase through bonus incentives

Minimum Setbacks
Front

0 ft.

Side

5 ft.

Eligible for decrease through bonus incentives; 10 ft. minimum with living space windows

Back

10 ft.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 32,940 sq. ft.
Max Buildable Area, Envelope 131,760 sq. ft.
Max Dwelling Units 90
Affordable Units Required at least 15% for Very Low Income, 24% for Low Income, or 44% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 1.5 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes
Jurisdictional
Legal Description PT Lot 4, Block 190, Pomona Tract
Land Use T4-A Typical
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 Corridors 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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