Brick+Work

Santa Monica Neighborhood Commercial Lot, No Density Limit

Santa Monica

Santa Monica Neighborhood Commercial Lot, No Density Limit

APN: 4274-017-016

$

No Residential Density Limit
Max Unit
8,000 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 2,050 sq. ft.
Units 3
Year Constructed Several
Assessed Improvement Value $213,392
Assessed Land Value $930,664
Development Potential (By-Right)
Maximum FAR 1.25:1
Maximum Height
Feet

32 ft.

Stories

2

Minimum Setbacks
Front

0 ft.

Side

0 ft./10 ft.

10 ft. if adjacent to residential district

Back

0 ft.

10 ft. if adjacent to residential district; 10 ft. from midpoint of rear alley

Max Buildable Area, Footprint 6,400 sq. ft.
Max Buildable Area, Envelope 10,000 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, minumum 2
Transitional Height Limitations None required
Required Open Space 60 sq. ft. private open space per unit 100 sq. ft. total open space per unit (common + private)
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 1.5:1
Maximum Height
Feet

32 ft.

Stories

2

Minimum Setbacks
Front

0 ft.

Side

0 ft./10 ft.

10 ft. if adjacent to residential district

Back

0 ft.

10 ft. if adjacent to residential district; 10 ft. from midpoint of rear alley

Max Buildable Area, Footprint 6,400 sq. ft.
Max Buildable Area, Envelope 12,000 sq. ft.
Max Dwelling Units No Residential Density Limit
Affordable Units Required at least 5% at Extremeley 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)
Parking Required Market Rate 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; 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
Short Term 10% of Long Term spaces, minumum 2
Transitional Height Limitations None required
Required Open Space 60 sq. ft. private open space per unit; 100 sq. ft. total open space per unit (common + private)
Other Development Notes
Jurisdictional
Legal Description Lot 36, Block 15, Erkenbrecher Syndicate Santa Monica Tract
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
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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