Brick+Work

Santa Monica R3 Lot, 7 Unit Potential with Density Bonus

Santa Monica

Santa Monica R3 Lot, 7 Unit Potential with Density Bonus

APN: 4292017025

$

7
Max Unit
7,500 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 2,367 sq. ft.
Units 2
Year Constructed 1924 & 1949
Assessed Improvement Value $98,750
Assessed Land Value $648,205
Development Potential (By-Right)
Maximum FAR None
Maximum Height
Feet

30 ft.

Stories

2

Minimum Setbacks
Front

20 ft.

Side

7.5 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 4,025 sq. ft.
Max Buildable Area, Envelope 8,050 sq. ft.
Max Dwelling Units 5
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 No portion of the building volume above 35 feet shall encroach into a daylight plane starting at 35 feet above the front setback line and sloping upward at a 45-degree angle toward the rear of the parcel. The 35-foot height measurement shall be taken from the same reference grade as determined for the subject site
Required Open Space Private (per unit): 60 sq. ft. Public (per unit): 90 sq. ft.
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR None
Maximum Height
Feet

40 ft.

Stories

3

Minimum Setbacks
Front

20 ft.

Side

8 ft.

Eligible for decrease through bonus incentives; 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.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 4,025 sq. ft.
Max Buildable Area, Envelope 12,075 sq. ft.
Max Dwelling Units 7
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 2 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
Required Bicycle Parking
Long Term 1 space/bedroom, including studios
Short Term 10% of Long Term spaces, minimum 2
Transitional Height Limitations No portion of the building volume above 35 feet shall encroach into a daylight plane starting at 35 feet above the front setback line and sloping upward at a 45-degree angle toward the rear of the parcel. The 35-foot height measurement shall be taken from the same reference grade as determined for the subject site
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes 50% ground floor; 90% of allowable ground floor coverage on 2nd & 3rd floors
Jurisdictional
Legal Description SANTA MONICA LOT X BLK 23
Land Use Institutional
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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