Brick+Work

Santa Monica R2 Lot, 8 Unit Potential

Santa Monica

Santa Monica R2 Lot, 8 Unit Potential

APN: 4274009015 & 4274009022

Print Friendly and PDF

Print Friendly, PDF & Email
8
Max Unit
12,059 sq. ft.
Lot Size
No
TOC
2
Lots
Existing Conditions
Floor Area 9,208 sq. ft. (combined)
Units 10 (combined)
Year Constructed 1968
Assessed Improvement Value $152,485 (combined)
Assessed Land Value $249,234 (combined)
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

30 ft.

Stories

2

Minimum Setbacks
Front

20 ft.

Side

8 ft. (interior)

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 5,426 sq. ft.
Max Buildable Area, Envelope 10,309 sq. ft.
Max Dwelling Units 6
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, minimum 2
Transitional Height Limitations None Required
Required Open Space Private (per unit): 60 sq. ft. Normal (per unit, total): 150 sq. ft.
Other Development Notes 45% ground floor; 90% of allowable ground floor coverage on upper stories
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

30 ft.

Stories

None

Minimum Setbacks
Front

20 ft.

Side

8 ft. (interior)

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 5,426 sq. ft.
Max Buildable Area, Envelope 10,309 sq. ft.
Max Dwelling Units 8
Affordable Units Required 100% affordable units, except for manager's unit
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, minimum 2
Transitional Height Limitations None Required
Required Open Space Private (per unit) 60 sq. ft. . Normal (per unit, total) 150 sq. ft.
Other Development Notes 45% ground floor; 90% of allowable ground floor coverage on upper stories
Jurisdictional
Legal Description Lot 13 & 15, The Valley Crest 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
Red Flags
BRICK+WORK Analyzer
Calculator
Please Enter Land Cost.
Please Enter Average Rents in Area.
Ask Administrator to enter the required values for the calculation of Financial Analyser.
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

Property Report Disclaimer

All data are obtained from government sources. No attempt has been made to verify the data’s accuracy.

This report is for informational purposes only. Do not rely on this report to support real estate or investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was obtained.

By publishing this property, you represent and warrant that you have obtained the authorization from the property owner to market this property AND to take actions on behalf of the property owner.