Brick+Work

Venice Duplex

Venice

Venice Duplex

APN: 4239-024-041

$

$
RD1.5-1
Zone/District
2
Max Unit
5,223 sq. ft.
Lot Size
Tier 1
TOC
1
Lots
Existing Conditions
Floor Area 2,763 sq. ft.
Units 3
Year Constructed 1930/1963
Assessed Improvement Value $56,042
Assessed Land Value $2,017,611
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

30 ft.

25 ft. for flat roof

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.

Side

4 ft.

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

Back

10 ft.

15 ft. from midpoint of rear alley

Max Buildable Area, Footprint 3,360 sq. ft.
Max Buildable Area, Envelope 10,080 sq. ft.
Max Dwelling Units 2
Affordable Units Required None
Parking Required 2 spaces for each dwelling unit; plus a minimum of 1 guest parking space for each four or fewer units
Required Bicycle Parking
Long Term None required (3 or more units only)
Short Term None required (3 or more units only)
Transitional Height Limitations None required
Required Open Space None required (6 or more units only)
Other Development Notes Per Venice Specific Plan: A maximum of two dwelling units per lot shall be permitted for all RD1.5 lots; provided, however, that where a lot has a lot area in excess of 4,000 square feet, one additional dwelling unit shall be permitted for each additional 1,500 square feet of lot area in the RD1.5 Zone, provided the additional dwelling unit is a Replacement Affordable Unit.
Development Potential (with TOC or DB)
Maximum FAR N/A
Maximum Height
Feet

N/A

Stories

N/A

Minimum Setbacks
Front

N/A

Side

N/A

Back

N/A

Max Buildable Area, Footprint N/A
Max Buildable Area, Envelope N/A
Max Dwelling Units 2
Affordable Units Required N/A
Parking Required N/A
Required Bicycle Parking
Long Term N/A
Short Term N/A
Transitional Height Limitations N/A
Required Open Space N/A
Other Development Notes Not Eligible for Bonus Incentives - 5 or more units required
Jurisdictional
Legal Description Lot 39, Block M, Ocean Park Villa Tract No. 2
Land Use Low Medium II Residential
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 and the Venice Coastal Zone 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
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.