Brick+Work

Santa Monica R2 Corner Property

Santa Monica

Santa Monica R2 Corner Property

APN: 4276006011 & 4276006012

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8
Max Unit
11,800 sq. ft.
Lot Size
No
TOC
2
Lots
Existing Conditions
Floor Area 5,900 sq. ft.
Units 0
Year Constructed 1951
Assessed Improvement Value $8,231
Assessed Land Value $634,968
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

30 ft.

Stories

2

Minimum Setbacks
Front

20 ft.

Side

8 ft.

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 6,972
Max Buildable Area, Envelope 13,944
Max Dwelling Units 4
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: .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 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.
Required Open Space Private: 60 sq. ft. / unit Public: 90 sq. ft. / unit
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

30 ft.

Stories

No Stories Limit

Minimum Setbacks
Front

20 ft.

Side

8 ft.

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 6,972
Max Buildable Area, Envelope No FAR or stories limit
Max Dwelling Units 8
Affordable Units Required 100% affordable development
Parking Required 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
Short Term 10% of Long Term spaces, minumum 2
Transitional Height Limitations 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.
Required Open Space Private: 60 sq. ft. / unit; Public: 90 sq. ft. / unit
Other Development Notes **100% affordable required for bonus
Jurisdictional
Legal Description Lots 5-6, TR 7404
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
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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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