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Valley Village C2 Property, 60 Units with Tier 3 TOC

VALLEY VILLAGE

Valley Village C2 Property, 60 Units with Tier 3 TOC

APN: 2347-017-005

$ 0

[Q]C2-1VL
Zone/District
60
Max Unit
13,137 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 10,050 sq. ft.
Units 0
Year Constructed 1951
Assessed Improvement Value $852,812
Assessed Land Value $487,715
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

45 ft.

No multiple-family building shall exceed 36 feet in height.

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

10 ft.

The area of the front yard shall be no less than five percent of the total lot area, but shall not extend to a depth of greater than 15 feet

Side

5 ft.

add 1 foot of side setback for each story over 2, not to exceed 16 ft.; side setbacks only required for corner lots, adjacent to A or R zone, or for residential uses (except for portions of residential in mixed use project as long as commercial uses or access to residential on ground floor and abuts a street, private street, or alley)

Back

15 ft.

add 1 foot of back setback for each story over 3, not to exceed 20 ft.; back setbacks only required if adjacent to A or R zone, or for residential uses (except for portions of residential in mixed use project as long as commercial uses or access to residential on ground floor and abuts a street, private street, or alley)

Max Buildable Area, Footprint 10,400 sq. ft.
Max Buildable Area, Envelope 15,600 sq. ft.
Max Dwelling Units 34
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 Notwithstanding Section 12.21.1 A (10) of the Code to the contrary, commercial Projects shall conform to the following provisions pertaining to height limitations on C-zoned lots when the Project is located within the distances specified from a lot classified in the RW1 or more restrictive zone: Distance (ft.) Height (ft.) 0-49 25 50-99 33 100-199 45
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
Development Potential (with TOC or DB)
Maximum FAR 3.75:1
Maximum Height
Feet

67 ft.

No multiple-family building shall exceed 58 feet in height.

Stories

5

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

Minimum Setbacks
Front

5 ft.

The area of the front yard shall be no less than five percent of the total lot area, but shall not extend to a depth of greater than 15 feet

Side

5 ft.

5 ft side setback required if residential uses on ground floor

Back

5 ft.

5 ft. required if residential uses at lowest story

Max Buildable Area, Footprint 11,050 sq. ft.
Max Buildable Area, Envelope 39,000 sq. ft.
Max Dwelling Units 60
Affordable Units Required at least 10% for Extremely Low Income, or 14% for Very Low Income, or 23% for Low Income
Parking Required Shall not exceed .5 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; 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 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 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot 1, TR 14087
Land Use Neighborhood Office Commercial
Area Planning Commission South Valley
Community Plan Area North Hollywood-Valley Village
Neighborhood Council Valley Village
Council District 2
Councilmember Paul Krekorian
Red Flags
Property is subject to the requirements of the Valley Village Specific Plan, which could limit the development potential of the site.
Per ORD-165108-SA5060, The use of the property shall be limited to the uses existing upon the effective date of this ordinance and thereafter to those uses permitted in the C1.5-1VL Zone
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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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Equity Multiple
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