Brick+Work

Santa Monica MUB & R2 Corner Lot, No Density Limit

Santa Monica

Santa Monica MUB & R2 Corner Lot, No Density Limit

APN: 4281005026

$ 21M

MUB & R2
Zone/District
No Density Limit
Max Unit
32,500 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 6,816 sq. ft.
Units 1
Year Constructed 1932 & 1961
Assessed Improvement Value $1,382,297
Assessed Land Value $3,993,334
Development Potential (By-Right)
Maximum FAR 1.25:1 (MUB) N/A (R2)
Maximum Height
Feet

30 ft.

30 ft. max height per R2 portion, 32 ft. per MUB portion.

Stories

2

Minimum Setbacks
Front

0 ft.

Side

0 ft. (MUB) & 8 ft. (R2)

Per R2: The street side setback shall be at least 15 percent of the parcel width but no less than 6 feet and is not required to exceed 10 feet; Where a corner parcel in an R2, R3, or R4 District abuts a parcel in an R1 District, the street side setback shall be at least half of the required front setback in the adjacent R1 District.

Back

15 ft.

Max Buildable Area, Footprint 20,125 sq. ft.
Max Buildable Area, Envelope 32,750 sq. ft.
Max Dwelling Units No Density Limit
Affordable Units Required None
Parking Required Market Units: 1 space per studio; 1.5 spaces per 1 BR; 2 spaces per unit with 2 BR or more; 1 space per 5 guest rooms Deed Restricted Affordable Units: 0.5 space per studio; .75 spaces per 1 BR; 1 spaces per unit with 2 BR or more
Required Bicycle Parking
Long Term 1 space/bedroom, including studios. Additional required for commercial uses
Short Term 10% of Long Term spaces, minimum 2. Additional required for commercial uses
Transitional Height Limitations Per R2: Maximum Height within 25 feet of an R1 District is 23 ft, for flat roofed buildings, pitched roof building can be built to max height. Building Setback from an R1 district boundary shall be 10 ft. for interior sides and 20 ft. for rear sides Per MUB: 5 ft. average minimum upper story setback required above maximum ground floor height on street facing facades Buildings shall not extend above a plane starting at 25 feet in height directly above the parcel line abutting any residential-zoned parcel, or where there is an alley, the centerline of the alley, and from that point, extending in at a 45-degree angle from vertical toward the interior of the site.
Required Open Space Per R2 portion: Private (per unit) 60 sq. ft. Total (per unit, total) 150 sq. ft. Parcels over 99 ft. in width must include a courtyard no less than 10% of the total parcel area Per MUB portion: Private (per unit) 60 sq. ft. Total (per unit) 100 sq. ft.
Other Development Notes 45% ground floor max coverage for R2 portion, 90% of allowable ground floor coverage on 2nd floor. 4 Max units per R2 zone, unlimited density per MUB portion. Upper Story Setbacks: MUB: 5 ft. average upper story step backs for street-facing facades Buildings shall not extend above a plane starting at 25 feet in height directly above the parcel line abutting any residential-zoned parcel, or where there is an alley, the centerline of the alley, and from that point, extending in at a 45-degree angle from vertical toward the interior of the site. R2: No portion of the building volume above 23 feet shall encroach into a daylight plane starting at 23 feet above the front setback line and sloping upward at a 45-degree angle toward the rear of the parcel. The 23-foot height measurement shall be taken from the same reference grade as determined for the subject site
Development Potential (with TOC or DB)
Maximum FAR 1.5:1 (MUB) N/A (R2)
Maximum Height
Feet

35 ft. (MUB) 30 ft. (R2)

39 ft. max height if 100% residential above ground floor

Stories

3

No stories limit per R2 portion

Minimum Setbacks
Front

0 ft.

Side

0 ft. (MUB) 8 ft. (R2)

Per R2: The street side setback shall be at least 15 percent of the parcel width but no less than 6 feet and is not required to exceed 10 feet; Where a corner parcel in an R2, R3, or R4 District abuts a parcel in an R1 District, the street side setback shall be at least half of the required front setback in the adjacent R1 District.

Back

15 ft.

Max Buildable Area, Footprint 20,125 sq. ft.
Max Buildable Area, Envelope 82,500 sq. ft.
Max Dwelling Units No Density Limit
Affordable Units Required 4-15 units: at least 5% at Extremely Low Income (30% AMI), 10% at Very Low Income (50% AMI), 20% at Low Income (80% AMI), or 20% for sale at Moderate Income (120% AMI). 16+ units: at least 10% at Extremely Low Income (30% AMI), 15% at Very Low Income (50% AMI), 25% at Low Income (80% AMI), or 25% for sale at Moderate Income (120% AMI)
Parking Required Market Units: 1 space per studio; 1.5 spaces per 1 BR; 2 spaces per unit with 2 BR or more; 1 space per 5 guest rooms. Deed Restricted Affordable Units: .5 space per studio; .75 spaces per 1 BR; 1 spaces per unit with 2 BR or more
Required Bicycle Parking
Long Term 1 space/bedroom, including studios. Additional required for commercial uses
Short Term 10% of Long Term spaces, minimum 2. Additional required for commercial uses
Transitional Height Limitations Per R2: Maximum Height within 25 feet of an R1 District is 23 ft, for flat roofed buildings, pitched roof building can be built to max height. Building Setback from an R1 district boundary shall be 10 ft. for interior sides and 20 ft. for rear sides Per MUB: 5 ft. average minimum upper story setback required above maximum ground floor height on street facing facades Buildings shall not extend above a plane starting at 25 feet in height directly above the parcel line abutting any residential-zoned parcel, or where there is an alley, the centerline of the alley, and from that point, extending in at a 45-degree angle from vertical toward the interior of the site.
Required Open Space Per R2 portion: Private (per unit) 60 sq. ft. Total (per unit, total) 150 sq. ft. Parcels over 99 ft. in width must include a courtyard no less than 10% of the total parcel area Per MUB portion: Private (per unit) 60 sq. ft. Total (per unit) 100 sq. ft.
Other Development Notes AHPP Compliance Incentive
Jurisdictional
Legal Description Lots M, N, O, P, & Q, Block 85, Santa Monica
Land Use Commercial / Industrial
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
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.