Brick+Work

Venice R3 Corner Lot, 2 Potential Units

Los Angeles

Venice R3 Corner Lot, 2 Potential Units

APN: 4238-014-010

$ 7M7000000

Print Friendly and PDF
R3-1-O
Zone/District
2
Max Unit
11,602 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 1,118 sq. ft.
Units 0
Year Constructed 1956
Assessed Improvement Value $44,327
Assessed Land Value $160,706
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

Flat Roof: 30 ft.; Varied Rooflines: 35 ft.

For Varied Rooflines, any portion of the roof that exceeds 30 feet is set back from the required front yard at least one foot in depth for every foot in height above 30 feet

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 7,427 sq. ft.
Max Buildable Area, Envelope 34,806 sq. ft.
Max Dwelling Units 2
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 Per the Venice Coastal Zone Specific Plan, a maximum of two dwelling units per lot shall be permitted. Site is ineligible for Density Bonus incentives as the site does not provide 5 by-right units.
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 Per the Venice Coastal Zone Specific Plan, a maximum of two dwelling units per lot shall be permitted. Site is ineligible for Density Bonus incentives as the site does not provide 5 by-right units.
Jurisdictional
Legal Description Pt "Unnumbered lot" (Arb 212), RAFAEL AND ANDRES MACHADO TRACT
Land Use Medium Residential
Area Planning Commission West Los Angeles
Community Plan Area Venice
Neighborhood Council Venice
Council District 11
Councilmember Mike Bonin
Red Flags
Property is subject to the requirements of the Los Angeles Coastal Transportation Corridor and Venice Coastal Zone Specific Plans, which could limit the development potential of the site.
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.