Brick+Work

South Gate Transit Village Property, 138 Potential Units with Bonus

south gate

South Gate Transit Village Property, 138 Potential Units with Bonus

APN: 6216-032-043

$ 5M5000000

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$ 5000000
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138
Max Unit
50,193 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 29,711 sq. ft.
Units 0
Year Constructed 1937/1963
Assessed Improvement Value $579,273
Assessed Land Value $1,280,544
Development Potential (By-Right)
Maximum FAR 2.5:1
Maximum Height
Feet

90 ft.

Stories

8

Minimum Setbacks
Front

0 ft.

65% of the building shall include a 0-ft. setback and build to the property line, and the remaining building façade may be set back up to 10 feet.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 50,193 sq. ft.
Max Buildable Area, Envelope 125,483 sq. ft.
Max Dwelling Units 86
Affordable Units Required None
Parking Required 2 per DU, shall be enclosed 0.20 guest spaces per DU – permitted as open parking spaces
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None required
Required Open Space At least 50% of all residential dwelling units shall provide private open space on a balcony, patio, or roof terrace. Each project shall provide at least one community room of at least 500 sq. ft. 20% of lot area shall be dedicated as common open space
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 3:1
Maximum Height
Feet

110 ft.

Stories

10

Minimum Setbacks
Front

0 ft.

65% of the building shall include a 0-ft. setback and build to the property line, and the remaining building façade may be set back up to 10 feet.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 50,193 sq. ft.
Max Buildable Area, Envelope 150,579 sq. ft.
Max Dwelling Units 138
Affordable Units Required None required*
Parking Required 2 per DU, shall be enclosed; 0.20 guest spaces per DU – permitted as open parking spaces
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None required
Required Open Space At least 50% of all residential dwelling units shall provide private open space on a balcony, patio, or roof terrace. Each project shall provide at least one community room of at least 500 sq. ft.; 20% of lot area shall be dedicated as common open space
Other Development Notes *Max bonus provisions provided through the allocation of public resources pursuant to South Gate Municipal Code Section 11.23.090
Jurisdictional
Legal Description LOT 3, PARCEL MAP AS PER BK 63 PG 32
Land Use Urban Mixed Use
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
Equity After Completion
Equity Multiple
IRR

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