Brick+Work

Venice C2 Combined Lots, 10 Potential Units with Density Bonus

Marina Del Rey

Venice C2 Combined Lots, 10 Potential Units with Density Bonus

APN: 4229-016-015; 4229-016-016

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10
Max Unit
5,000 sq. ft.
Lot Size
No
TOC
2
Lots
Existing Conditions
Floor Area 2,280 sq. ft. (combined)
Units 6 (combined)
Year Constructed 1953
Assessed Improvement Value $80,963 (combined)
Assessed Land Value $700,997 (combined)
Development Potential (By-Right)
Maximum FAR 1.5:1 for residental/commercial mixed use, 1:1 for retail offce, .5:1 for retail only
Maximum Height
Feet

30 ft.

Per Venice Coastal Plan

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

setbacks required only for residential stories; add 1 foot of side setback for each story over 2, not to exceed 16 ft.; no side setback required for commercial only uses; no side setbacks required for mixed use project abutting street or alley

Back

5 ft.

15 ft. from midpoint of rear alley; setbacks required only for residential stories; add 1 foot of back setback for each story over 3, not to exceed 20 ft.; no rear setback required for commercial only uses; no rear setbacks required for mixed use project abutting street or alley

Max Buildable Area, Footprint 3,800 sq. ft.
Max Buildable Area, Envelope 7,500 sq. ft.
Max Dwelling Units 6
Affordable Units Required None
Parking Required Two spaces for each dwelling unit; plus a minimum of one guest parking space for each four or fewer units
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 Portions of Buildings in C or M zones with certain distances of RW1 or more restrictive zones shall not exceed the following limits: Distance (ft.) Height (ft.) 0-49 25 50-99 33 100-199 61
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 2.025:1
Maximum Height
Feet

41 ft.

Stories

None

Minimum Setbacks
Front

0 ft.

Side

5 ft.

setbacks required only for residential stories; add 1 foot of side setback for each story over 2, not to exceed 16 ft.; no side setback required for commercial only uses; no side setbacks required for mixed use project abutting street or alley

Back

2 ft.

12 ft. from midpoint of rear alley; add 1 foot of back setback for each story over 3, not to exceed 20 ft.; no rear setback required for commercial only uses; no rear setbacks required for mixed use project abutting street or alley

Max Buildable Area, Footprint 3,920 sq. ft.
Max Buildable Area, Envelope 10,125 sq. ft.
Max Dwelling Units 10
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 30% 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 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 Portions of Buildings in C or M zones with certain distances of RW1 or more restrictive zones shall not exceed the following limits: Distance (ft.) Height (ft.) 0-49 25 50-99 33 100-199 61
Required Open Space Up to 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 100 & 101, TR 5878
Land Use General Commercial
Area Planning Commission West Los Angeles
Community Plan Area Venice
Neighborhood Council Venice
Council District 11
Councilmember Mike Bonin
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 Los Angeles Coastal Transportation Corridor Specific Plan, the Venice Coastal Zone Specific Plan, and the Oxford Triangle Specific Plan, which could limit the development potential of the site.
Development Plans on this property will be subject to review by the California Coastal Commission
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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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