Brick+Work

Valley Village R3 Property, 14 Potential Units with TOC Tier 3

los angeles

Valley Village R3 Property, 14 Potential Units with TOC Tier 3

APN: 2347-012-001

Print Friendly and PDF

Print Friendly, PDF & Email
[Q]R3-1
Zone/District
14
Max Unit
8,200 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 2,750 sq. ft.
Units 3
Year Constructed 1948
Assessed Improvement Value $334,397
Assessed Land Value $479,438
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

36 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 6,239 sq. ft.
Max Buildable Area, Envelope 18,717 sq. ft.
Max Dwelling Units 7
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 dwelling unit.
Other Development Notes Per the Q Condition, Density shall be limited to one unit per 1,200 square feet of lot area
Development Potential (with TOC or DB)
Maximum FAR 4.5:1
Maximum Height
Feet

58 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.

Stories

None

Minimum Setbacks
Front

10.5 ft.

Side

5 ft./3.5 ft.

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

Back

10.5 ft.

add 1 foot of back setback for each story over 3, not to exceed 20 ft.

Max Buildable Area, Footprint 6,833 sq. ft.
Max Buildable Area, Envelope 30,748 sq. ft.
Max Dwelling Units 14
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 0.5 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 None Required
Required Open Space Up to 25% decrease in required open space
Other Development Notes Per the Q Condition, Density shall be limited to one unit per 1,200 square feet of lot area
Jurisdictional
Legal Description Lot 1, TR 13319
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
Per Ord No. 165108, density shall be limited to one dwelling unit per 1,200 sq. ft. of lot area
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.