Brick+Work

San Pedro 20k+ Sq. Ft. R3 Corner Lot, 36 Unit Potential

San Pedro

San Pedro 20k+ Sq. Ft. R3 Corner Lot, 36 Unit Potential

APN: 7456019027

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R3-1XL-CPIO
Zone/District
36
Max Unit
20,532 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 1,001 sq. ft.
Units 1
Year Constructed 1953
Assessed Improvement Value $95,880
Assessed Land Value $924,120
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

26 ft.

Per Specific Plan. Lower level parking may be provided in a building without being counted as a story, provided that the ceiling is not more than 6 feet above average existing natural grade.

Stories

2

Minimum Setbacks
Front

15 ft.

10 ft front setback for key lots

Side

5 ft.

add 1 foot of side setback for each story over 2, not to exceed 16 ft.

Back

15 ft.

Max Buildable Area, Footprint 11,040 sq. ft.
Max Buildable Area, Envelope 33,120 sq. ft.
Max Dwelling Units 25
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;
Short Term 1 space per 10 units for units 0-25;
Transitional Height Limitations Per CPIO: A minimum 15-foot step-back of upper stories from the Primary Frontage is required to maintain the appearance of prevailing heights when new construction or additions will be a story higher than buildings on adjacent properties. Where Projects are adjacent to single-family uses, upper floors shall be stepped back a minimum of five feet and designed to avoid direct views into windows of any single-family homes on adjacent properties.
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 4.05:1
Maximum Height
Feet

37 ft.

Stories

3

Minimum Setbacks
Front

15 ft.

10 ft front setback for key lots

Side

5 ft.

add 1 foot of side setback for each story over 2, not to exceed 16 ft.

Back

12 ft.

Max Buildable Area, Footprint 11,280 sq. ft.
Max Buildable Area, Envelope 45,684 sq. ft.
Max Dwelling Units 36
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 30% 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 per unit for units 0-25; 1 spaces per 1.5 units for units 26-100;
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100;
Transitional Height Limitations No additional height shall be permitted for that portion of a building in a Housing Development Project that is located within 15 ft. feet of a lot classified in the R2 zone or within 50 ft. of a lot classified in an R1 or more restrictive or Project located on a lot sharing a common lot line with or across an alley from a lot classified in an R1 or more restrictive zone.
Required Open Space Up to 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot 1, TR 43946-C
Land Use Medium Residential
Area Planning Commission Harbor
Community Plan Area San Pedro
Neighborhood Council Coastal San Pedro
Council District 15
Councilmember Joe Buscaino
Red Flags
Property is subject to the requirements of the San Pedro Specific Plan, which could limit the development potential of the site.
Development Plans on this property will be subject to review by the California Coastal Commission
Development plans on this property will be subject to review by the Pacific Corridor CRA/LA. This could also limit the utilization of TOC incentives.
Property is subject to the requirements of the San Pedro CPIO, 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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