Brick+Work

Valley Village R-3 Corner Lot, 16 Unit Potential with TOC

VALLEY VILLAGE

Valley Village R-3 Corner Lot, 16 Unit Potential with TOC

APN: 2348008049

$ 0

$ 0
16
Max Unit
6,094 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 2,154 sq. ft.
Units 3
Year Constructed 1941
Assessed Improvement Value $200,000
Assessed Land Value $192,528
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

36 ft.

Per Specific Plan 36 ft. for multi-family building, 30 ft. for one family building

Stories

None

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

Minimum Setbacks
Front

15 ft.

10 ft front setback for key lots

Side

5 ft.

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

Back

5 ft.

15 ft. from midpoint of rear alley

Max Buildable Area, Footprint 4,140 sq. ft.
Max Buildable Area, Envelope 12,420 sq. ft.
Max Dwelling Units 8
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) Per Specific Plan, multi-family projects must provide guest parking at a ratio of at least one quarter space per dwelling unit in excess of that required by the Code. New condominiums shall provide guest parking at a minimum of one-half space per dwelling unit in excess of that required by the Code.
Required Bicycle Parking
Long Term 1 space per unit for units 0-25;
Short Term 1 space per 10 units for units 0-25;
Transitional Height Limitations None required
Required Open Space Per Specific Plan, multi-family projects shall provide a minimum of 100 square feet of Open Space per dwelling unit
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 4.5:1
Maximum Height
Feet

58 ft.

52 ft. for one-family building. 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

15 ft.

10 ft front setback for key lots

Side

3.5 ft.

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

Back

.5 ft.

10.5 ft. from rear alley midpoint

Max Buildable Area, Footprint 4,648 sq. ft.
Max Buildable Area, Envelope 20,914 sq. ft.
Max Dwelling Units 16
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;
Short Term 1 space per 10 units for units 0-25;
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 80, TR 8929
Land Use Medium Residential
Area Planning Commission South Valley
Community Plan Area North Hollywood-Valley Village
Neighborhood Council Valley Village
Council District 2
Councilmember Paul Krekorian
Red Flags
Properties subject to the Rent Stabilization Ordinance (RSO) must replace existing affordable units at a rate of 1 to 1 or 20% of new proposed units, whichever is greater.
Property is subject to the requirements of the Valley Village Specific Plan, which could limit the development potential of the site.
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Particulars By-Right TOC or DB
Total Buildable
Net Buildable
Average Construction Cost
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Total Soft Costs
Total Development Budget
Gross Annual Rents
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