Brick+Work

Santa Monica Wilshire Blvd MUB Lot, No Density Limit

Santa Monica

Santa Monica Wilshire Blvd MUB Lot, No Density Limit

APN: 4281005025

$ 21M

No Density Limit
Max Unit
5,000 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 3,297 sq. ft.
Units 0
Year Constructed 1950 & 1957
Assessed Improvement Value $529,209
Assessed Land Value $2,702,360
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. setback required if adjacent to Residential District

Back

10 ft.

10 ft. setback required if adjacent to Residential District

Max Buildable Area, Footprint 4,500 sq. ft.
Max Buildable Area, Envelope 6,250 sq. ft.
Max Dwelling Units No Density Limit
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. Additional required for commercial uses
Short Term 10% of Long Term spaces, minimum 2. Additional required for commercial uses
Transitional Height Limitations 5 ft. average minimum upper story setback required above maximum ground floor height on street facing facades. Buildings shall not extend above a plane starting at 25 feet in height directly above the parcel line abutting any residentially-zoned parcel, or where there is an alley, the centerline of the alley, and from that point, extending in at a 45-degree angle from vertical toward the interior of the site.
Required Open Space Private (per unit): 60 sq. ft. Total (per unit, total): 100 sq. ft.
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 1.5:1
Maximum Height
Feet

35 ft.

39 ft. max height if 100% residential above ground floor

Stories

3

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

10 ft.

10 ft. setback required if adjacent to Residential District

Max Buildable Area, Footprint 4,500 sq. ft.
Max Buildable Area, Envelope 7,500 sq. ft.
Max Dwelling Units No Density Limit
Affordable Units Required 4-15 units: at least 5% at Extremely 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). 16+ units: at least 10% at Extremely Low Income (30% AMI), 15% at Very Low Income (50% AMI), 25% at Low Income (80% AMI), or 25% for sale at Moderate Income (120% AMI)
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. Additional required for commercial uses
Short Term 10% of Long Term spaces, minimum 2. Additional required for commercial uses
Transitional Height Limitations 5 ft. average minimum upper story setback required above maximum ground floor height on street facing facades. Buildings shall not extend above a plane starting at 25 feet in height directly above the parcel line abutting any residentially-zoned parcel, or where there is an alley, the centerline of the alley, and from that point, extending in at a 45-degree angle from vertical toward the interior of the site.
Required Open Space Private (per unit): 60 sq. ft. Total (per unit, total): 100 sq. ft.
Other Development Notes
Jurisdictional
Legal Description Lot Z2, Block 85, Santa Monica
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%)
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Valuation
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Equity Multiple
IRR

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