Brick+Work

South Los Angeles 25k+ Sq. Ft. CM Lots, 61 Unit Potential

Los Angeles

South Los Angeles 25k+ Sq. Ft. CM Lots, 61 Unit Potential

APN: 6003001010 - 6003001013, 6003001031

$ 6M6000000

Print Friendly and PDF
$ 6000000
Print Friendly, PDF & Email
CM-1-CPIO
Zone/District
61
Max Unit
29,809 sq. ft.
Lot Size
Tier 2
TOC
5
Lots
Existing Conditions
Floor Area 10,850 sq. ft. (combined)
Units 0 (combined)
Year Constructed 1921 & 1925
Assessed Improvement Value $52,869 (combined)
Assessed Land Value $439,105 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

None

Minimum 14 ft. ground floor height, 11 ft. if active floor area

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

Per CPIO, 5 ft. setback required when abutting residential zone. Add 1 foot of side setback for each story over 2, not to exceed 16 ft.; no side setback required for commercial only uses; no side setbacks required for mixed use project abutting street or alley

Back

15 ft.

add 1 foot of back setback for each story over 3, not to exceed 20 ft.; no rear setback required for commercial only uses; no rear setbacks required for mixed use project abutting street or alley

Max Buildable Area, Footprint 25,315 sq. ft.
Max Buildable Area, Envelope 37,973 sq. ft.
Max Dwelling Units 37
Affordable Units Required None
Parking Required 1 space per unit with less than 3 habitable rooms 1.5 spaces per unit with 3 habitable rooms 2 spaces per unit with more than 3 habitable rooms 1 space per guest room (first 30)
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100;
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100;
Transitional Height Limitations Per CPIO: the building height shall be stepped back with a 45 degree angle as measured 15 ft. above grade at the property line when abutting RD1.5 or more restrictive zone. Portions of Buildings in C or M zones with certain distances of RW1 or more restrictive zones shall not exceed the following limits: Distance (ft.) Height (ft.) 0-49 25 50-99 33 100-199 61
Required Open Space 100 sq ft per unit with less than 3 habitable rooms 125 sq ft per unit with 3 habitable rooms 175 sq ft per unit with more than 3 habitable rooms
Other Development Notes Residential floor area limited to 30% of the total project floor area (excluding live and work units)
Development Potential (with TOC or DB)
Maximum FAR 3.25:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

side setback required for portions of buildings erected for residential uses, no setbacks required for ground floor commercial; no setbacks required for mixed use project abutting street or alley

Back

5 ft.

no setbacks required for mixed use project abutting street or alley or commercial only uses

Max Buildable Area, Footprint 26,145 sq. ft.
Max Buildable Area, Envelope 84,971 sq. ft.
Max Dwelling Units 61
Affordable Units Required at least 9% for Extremely Low Income, or 12% for Very Low Income, or 21% for Low Income
Parking Required Shall not be required to exceed 1 space per unit
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100;
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100;
Transitional Height Limitations The building height limit shall be stepped-back at a 45-degree angle as measured from a horizontal plane originating 25 feet above grade at the property line of the adjoining lot.
Required Open Space Up to 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 8 - 15, TR 1266
Land Use Hybrid Industrial
Area Planning Commission South Los Angeles
Community Plan Area South Los Angeles
Neighborhood Council Voices
Council District 9
Councilmember Curren D. Price, Jr.
Red Flags
Property is subject to the requirements of the South Los Angeles Alcohol Sales Specific Plan which could limit the development potential of the site.
Development Plans on this property will be subject to review by the Council District 9 CRA/LA. This could also limit the utilization of TOC incentives
Property is subject to the requirements of the South Los Angeles CPIO, subarea Hybrid Limited, which could limit the development potential of the site.
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.