Brick+Work

Torrance 53k sq. ft. Lot, 72 Potential Units with Density Bonus

Torrance

Torrance 53k sq. ft. Lot, 72 Potential Units with Density Bonus

APN: 7524-014-110

Print Friendly and PDF
72
Max Unit
53,609 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 34,647 sq. ft.
Units 0
Year Constructed 1971/1974
Assessed Improvement Value $2,913,120
Assessed Land Value $3,641,400
Development Potential (By-Right)
Maximum FAR 1:1
Maximum Height
Feet

100 ft.

Stories

None

Minimum Setbacks
Front

20 ft.

Side

0 ft.

Back

25 ft.

Max Buildable Area, Footprint 46,186 sq. ft.
Max Buildable Area, Envelope 53,609 sq. ft.
Max Dwelling Units 52
Affordable Units Required None
Parking Required For those dwelling units providing two (2) bedrooms or less: Two (2) parking spaces per dwelling unit; For those dwelling units providing three (3) or more bedrooms: Three (3) parking spaces per dwelling unit. Two (2) of the three (3) spaces may be in tandem arrangement (one (1) space behind another). For each lot or parcel of land used for business and professional offices, there shall be provided one (1) parking space for each three hundred (300) square feet of floor area for each office in which no activity is carried on catering to retail trade with the public and no stock of goods. Such business shall include but not be limited to offices for attorneys, architects, accountants, managers and administrators.
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None required
Required Open Space 300 sq. ft. per unit
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 1:1 (Eligible for increase through bonus incentives)
Maximum Height
Feet

100 ft.

Eligible for increase through bonus incentives

Stories

None

Minimum Setbacks
Front

20 ft.

Side

0 ft.

Back

25 ft.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 46,186 sq. ft.
Max Buildable Area, Envelope 53,609 sq. ft.
Max Dwelling Units 72
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale)
Parking Required 1 space per unit with 0-1 bedrooms; 2 spaces per units with 2-3 bedrooms; 2.5 spaces per units with 4 or more bedrooms
Required Bicycle Parking
Long Term None required
Short Term None required
Transitional Height Limitations None required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes
Jurisdictional
Legal Description PT Lot 1, P M 59-57
Land Use Commercial Center
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
Property is subject to the requirements of the Hawthorne Boulevard Corridor Specific Plan, 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.