Brick+Work

Van Nuys R3 Property, 21 Potential Units

Van Nuys R3 Property, 21 Potential Units

APN: 2241-002-027

$

$
[Q]R3-1
Zone/District
21
Max Unit
13,011 sq. ft.
Lot Size
Tier 1
TOC
1
Lots
Existing Conditions
Floor Area 16,200 sq. ft.
Units 16
Year Constructed 1986
Assessed Improvement Value $744,617
Assessed Land Value $335,799
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

35 ft.

Per Q Condition

Stories

None

Minimum Setbacks
Front

15 ft.

Side

5 ft.

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

Back

15 ft.

Max Buildable Area, Footprint 9,000 sq. ft.
Max Buildable Area, Envelope 27,000 sq. ft.
Max Dwelling Units 13
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
Development Potential (with TOC or DB)
Maximum FAR 4.2:1
Maximum Height
Feet

46 ft.

Stories

None

Minimum Setbacks
Front

15 ft.

Side

5 ft.

Back

11.25 ft.

Max Buildable Area, Footprint 9,338 sq. ft.
Max Buildable Area, Envelope 39,218 sq. ft.
Max Dwelling Units 21
Affordable Units Required at least 8% for Extremely Low Income, or 11% for Very Low Income, or 20% for Low Income
Parking Required Shall not exceed .5 space per bedroom
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 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot FR 3, Block 65, TR 1200
Land Use Medium Residential
Area Planning Commission South Valley
Community Plan Area Van Nuys-North Sherman Oaks
Neighborhood Council Van Nuys
Council District 6
Councilmember Nury Martinez
Red Flags
Per ORD-167939-AREA5-SA177A, Residential Density limited to 1,000 sq. ft. lot area per dwelling unit and height limited to a maximum of 35 feet.
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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
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