Brick+Work

R4 Palm Dr Lots, 15 Unit Potential with Density Bonus

beverly hills

R4 Palm Dr Lots, 15 Unit Potential with Density Bonus

APN: 4332001009 & 4332001010

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15
Max Unit
12,100 sq. ft.
Lot Size
No
TOC
2
Lots
Existing Conditions
Floor Area 9,375 sq. ft. (combined)
Units 6 (combined)
Year Constructed 1934 & 1937
Assessed Improvement Value $1,445,169 (combined)
Assessed Land Value $2,701,493 (combined)
Development Potential (By-Right)
Maximum FAR N/A
Maximum Height
Feet

45 ft.

Height limited to 3 stories/33 ft. on sites less than or equal to 60 ft. in width

Stories

4

Height limited to 3 stories/33 ft. on sites less than or equal to 60 ft. in width

Minimum Setbacks
Front

15 ft.

15 ft. front setback only applicable when setback not included on the "residential street setback map of the city of Beverly Hills" on file in the department of building and safety.

Side

8 ft. (each)

Minimum 19 ft (combined) setback. If building is 33' or less, 17' combined setback required.

Back

15 ft.

or 22.5' from centerline of abutting alley, whichever is greater; rear setbacks for properties on east side of Tower Drive shall be 20'

Max Buildable Area, Footprint 7,371 sq. ft.
Max Buildable Area, Envelope 29,484 sq. ft.
Max Dwelling Units 10
Affordable Units Required None
Parking Required 1 space per efficiency unit of less than 1,000 sq. ft., 2 spaces per 1-bedroom unit, 2.5 spaces per 2-bedroom unit, 3 spaces per 3- or 4-bedroom unit, 4 spaces per 5-bedroom unit of more, 1 spaces per 4 units for guest parking
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None
Required Open Space 200 sq. ft per unit
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR N/A
Maximum Height
Feet

45 ft.

Eligble for increase through bonus incentives

Stories

4

Eligble for increase through bonus incentives

Minimum Setbacks
Front

15 ft.

Side

8 ft. (each)

19 ft. (combined)

Back

15 ft.

Max Buildable Area, Footprint 7,371 sq. ft.
Max Buildable Area, Envelope 29,484 sq. ft.
Max Dwelling Units 15
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 bedroom; 2 spaces per unit with 2-3 bedrooms; 2.5 per unit with 4 bedrooms or more
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None
Required Open Space 200 sq. ft per unit
Other Development Notes Statewide Density Bonus
Jurisdictional
Legal Description Lots 1171-1172 TRACT # 6380 EX OF ALLEY
Land Use Multi-fam 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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