Brick+Work

Santa Monica R2 Lot, 4 Units

Santa Monica

Santa Monica R2 Lot, 4 Units

APN: 4283-032-004

$ 1.8M1795000

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3
Max Unit
7,493 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 2,099 sq. ft.
Units 4
Year Constructed 1920-1958
Assessed Improvement Value $191,462
Assessed Land Value $765,860
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

30 ft.

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.

Stories

2

Minimum Setbacks
Front

20 ft.

Side

8 ft.

Back

15 ft.

Max Buildable Area, Footprint 3,343 sq. ft.
Max Buildable Area, Envelope 6,686 sq. ft.
Max Dwelling Units 3
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 per bedroom, including studios
Short Term 10% of Long-Term; minimum 2 spaces per project
Transitional Height Limitations None required
Required Open Space For Sites with Three or more units: Private: 60 sq. ft. per unit Total: 150 sq. ft. per unit
Other Development Notes Per the Santa Monica Municipal code, a minimum of 2,000 sq. ft. of lot area per dwelling unit is allowed. Site is ineligible for Density bonus incentives as site does not provide 5 by-right units
Development Potential (with TOC or DB)
Maximum FAR N/A
Maximum Height
Feet

N/A

Stories

N/A

Minimum Setbacks
Front

N/A

Side

N/A

Back

N/A

Max Buildable Area, Footprint N/A
Max Buildable Area, Envelope N/A
Max Dwelling Units 3
Affordable Units Required N/A
Parking Required N/A
Required Bicycle Parking
Long Term N/A
Short Term N/A
Transitional Height Limitations N/A
Required Open Space N/A
Other Development Notes Site is ineligible for Density bonus incentives as site does not provide 5 by-right units
Jurisdictional
Legal Description Lot 7, Block 7, ERKENBRECHER SYNDICATE SANTA MONICA TRACT
Land Use Low Density Residential
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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