Brick+Work

Studio City C2 Lots, 108 Potential Units with Density Bonus

Studio City

Studio City C2 Lots, 108 Potential Units with Density Bonus

APN: 2366-024-006, 2366-024-005

Print Friendly and PDF

Print Friendly, PDF & Email
C2-1VL-RIO
Zone/District
108
Max Unit
29,999 sq. ft.
Lot Size
No
TOC
2
Lots
Existing Conditions
Floor Area 10,358 sq. ft.
Units 12
Year Constructed 1937-1961
Assessed Improvement Value $186,565
Assessed Land Value $1,661,946
Development Potential (By-Right)
Maximum FAR 1.0:1
Maximum Height
Feet

45 ft.

Per Specific Plan, roof structures may not exceed height limit

Stories

3

Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories.

Minimum Setbacks
Front

1.5 ft. for first 15 ft. in height, then 0 ft. thereafter.

Side

5 ft. for residential uses

add 1 foot of side setback for each story over 2, not to exceed 16 ft.; 0 ft. for commercial uses

Back

0 ft.

rear setback shall be measured from the center line of the alley

Max Buildable Area, Footprint 31,999 sq. ft.
Max Buildable Area, Envelope 31,999 sq. ft.
Max Dwelling Units 79
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; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+
Transitional Height Limitations None required
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 Per the Ventura/Cahuenga Boulevard Specific Plan, structures shall cover no more than 60 percent of the lot area. Footprint calculations include area of 1/2 of rear lot
Development Potential (with TOC or DB)
Maximum FAR 1.35:1
Maximum Height
Feet

56 ft.

Projects located in a zone where the maximum height is 45 ft. or less, or located within a Specific Plan that limits height, height increases over 11 ft. must be stepped-back at least 15 ft. from the exterior face of the ground floor building located at any street frontage; Per Specific Plan, roof structures may not exceed height limit

Stories

4

Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories.

Minimum Setbacks
Front

1.5 ft. for first 15 ft. in height, then 0 ft. thereafter

Side

4 ft. for residential uses

add 1 foot of side setback for each story over 2, not to exceed 16 ft.; 0 ft. for commercial uses

Back

0 ft.

rear setback shall be measured from the center line of the alley

Max Buildable Area, Footprint 31,999 sq. ft.
Max Buildable Area, Envelope 43,198 sq. ft.
Max Dwelling Units 108
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale only)
Parking Required 1 space per unit with 0-1 bedrooms; 1.5 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+
Transitional Height Limitations None required
Required Open Space Up to 20% decrease in required open space
Other Development Notes Affordable Incentives allow structures to cover up to 80 percent of the lot area. Footprint calculations include area of 1/2 of rear lot
Jurisdictional
Legal Description Lots 15-16, TR 4852
Land Use General Commercial
Area Planning Commission South Valley
Community Plan Area Sherman Oaks-Studio City-Toluca Lake-Cahuenga Pass
Neighborhood Council Studio City
Council District 2
Councilmember Paul Krekorian
Red Flags
Property is subject to the requirements of the Ventura/Cahuenga Boulevard Specific Plan, which could limit the development potential of the site.
Property is subject to the River Improvement Overlay zone, which could limit the design of a project on 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.