Brick+Work

Santa Monica MUBL Property, 36k sq. ft. Maximum Floor Area

Santa Monica

Santa Monica MUBL Property, 36k sq. ft. Maximum Floor Area

APN: 4274-008-038

$ 7.25M7250000

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$ 7250000
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No Residential Density Limit
Max Unit
20,655 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 4,963 sq. ft.
Units 8
Year Constructed 1967
Assessed Improvement Value $696,412
Assessed Land Value $1,017,350
Development Potential (By-Right)
Maximum FAR 1.25:1
Maximum Height
Feet

32 ft.

Stories

2

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

10 ft.

10 ft. setback required if adjacent to Residential District

Max Buildable Area, Footprint 19,625 sq. ft.
Max Buildable Area, Envelope 25,819 sq. ft.
Max Dwelling Units No Residential Density Limit
Affordable Units Required None
Parking Required 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
Required Bicycle Parking
Long Term 1 space/bedroom, including studios
Short Term 10% of Long Term spaces, minimum 2
Transitional Height Limitations 5 ft. average upper story stepbacks for street-facing facades Buildings shall not extend above a plane starting at 25 feet in height directly above the parcel line abutting any residentially-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 Private (per unit):60 Normal (per unit, total):100
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 1.75:1
Maximum Height
Feet

36 ft.

Stories

3

No Story limit if 100% residential above ground floor

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

10 ft.

10 ft. setback required if adjacent to Residential District

Max Buildable Area, Footprint 19,625 sq. ft.
Max Buildable Area, Envelope 36,146 sq. ft.
Max Dwelling Units No Residential Density Limit
Affordable Units Required 4-15 units: at least 7.5% at Extremely Low Income (30% AMI), 15% at Very Low Income (50% AMI), 30% at Low Income (80% AMI), or 30% for sale at Moderate Income (120% AMI); 16+ units: at least 15% at Extremeley Low Income (30% AMI), 22.5% at Very Low Income (50% AMI), 37.5% at Low Income (80% AMI), or 37.5% 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 space per unit with 2 BR or more
Required Bicycle Parking
Long Term 1 space/bedroom, including studios
Short Term 10% of Long Term spaces, minimum 2
Transitional Height Limitations 5 ft. average upper story stepbacks for street-facing facades Buildings shall not extend above a plane starting at 25 feet in height directly above the parcel line abutting any residentially-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 Private (per unit):60; Normal (per unit, total):100
Other Development Notes
Jurisdictional
Legal Description PT Lot 5, Block 26, ERKENBRECHER SYNDICATE SANTA MONICA TRACT
Land Use Mixed-Use Boulevard Low
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
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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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