Brick+Work

Santa Monica NC Property, 11 Potential Units with Density Bonus

Santa Monica

Santa Monica NC Property, 11 Potential Units with Density Bonus

APN: 4274-034-027

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11
Max Unit
2,499 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 1,298 sq. ft.
Units 0
Year Constructed 1948
Assessed Improvement Value $243,437
Assessed Land Value $221,018
Development Potential (By-Right)
Maximum FAR 1.25:1
Maximum Height
Feet

32 ft.

Minimum ground floor height of 11 ft.

Stories

2

Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories.

Minimum Setbacks
Front

0 ft.

5 ft. average upper story stepbacks for street-facing facades

Side

0 ft.

Back

10 ft.

Max Buildable Area, Footprint 2,249 sq. ft.
Max Buildable Area, Envelope 2,811 sq. ft.
Max Dwelling Units 6
Affordable Units Required None
Parking Required Studio, no bedrooms = 1 space per unit; 1 bedroom = 1.5 space per unit; 2 or more bedrooms = 2 spaces per unit Guest = 1 space per 5 units
Required Bicycle Parking
Long Term 1 space/bedroom, including studios
Short Term 10% of Long-Term; minimum 2 spaces per project
Transitional Height Limitations 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 60 sq. ft. private open space per unit 100 sq. ft. total open space per unit (common + private)
Other Development Notes Per Santa Monica Municipal Code, a dwelling unit shall be a minimum of 375 square feet.
Development Potential (with TOC or DB)
Maximum FAR 1.25:1 (Eligible for increase through bonus incentives)
Maximum Height
Feet

32 ft.

Eligible for increase through bonus incentives; Minimum ground floor height of 11 ft.

Stories

2

Eligible for increase through bonus incentives

Minimum Setbacks
Front

0 ft.

5 ft. average upper story stepbacks for street-facing facades

Side

0 ft.

Back

10 ft.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 2,249 sq. ft.
Max Buildable Area, Envelope 2,811 sq. ft.
Max Dwelling Units 11
Affordable Units Required at least 15% for Very Low Income, 24% for Low Income, or 44% for Moderate Income (for sale)
Parking Required 0-1 bedrooms: 1 on-site parking space; 2-3 bedrooms: 1.5 on-site parking spaces; 4 or more bedrooms: 2 parking spaces
Required Bicycle Parking
Long Term 1 space/bedroom, including studios
Short Term 10% of Long-Term; minimum 2 spaces per project
Transitional Height Limitations 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 Eligible for decrease through bonus incentives
Other Development Notes Calculations are based on Affordable Housing incentives from the "State (of CA) Density Bonus Law" Site can also choose to utilize Santa Monica's Affordable Housing Production Program incentives
Jurisdictional
Legal Description LOT 281, TRACT # 7993
Land Use Neighborhood Commercial
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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