Brick+Work

Tarzana R-3 Property, 84 Potential Units with Density Bonus

Tarzana

Tarzana R-3 Property, 84 Potential Units with Density Bonus

APN: 2157-007-066

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84
Max Unit
18,190 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area N/A
Units N/A
Year Constructed N/A
Assessed Improvement Value $0
Assessed Land Value $430,706
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

45 ft.

Stories

None

Minimum Setbacks
Front

15 ft.

Side

5 ft.

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

Back

15 ft.

Max Buildable Area, Footprint 16,145 sq. ft.
Max Buildable Area, Envelope 48,435 sq. ft.
Max Dwelling Units 60
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 Ord No 133436, the site is subjected to a 15 ft. building line.
Development Potential (with TOC or DB)
Maximum FAR 4.05:1
Maximum Height
Feet

56 ft. (+11 ft. from density bonus incentive)

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.

Stories

None

Minimum Setbacks
Front

12 ft.

Side

5 ft.

Eligible for decrease through bonus incentives; add 1 foot of side setback for each story over 2, not to exceed 16 ft.

Back

15 ft.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 16,445 sq. ft.
Max Buildable Area, Envelope 66,602 sq. ft.
Max Dwelling Units 84
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 Eligible for decrease through bonus incentives
Other Development Notes Per Ord No 133436, the site is subjected to a 15 ft. building line.
Jurisdictional
Legal Description Lot 1, TR 36573-C
Land Use Medium Residential
Area Planning Commission South Valley
Community Plan Area Encino - Tarzana
Neighborhood Council Tarzana
Council District 3
Councilmember Bob Blumenfield
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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