Brick+Work

Venice R3 Property, 4 Unit Potential

Venice

Venice R3 Property, 4 Unit Potential

APN: 4229-012-008

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4
Max Unit
4,860 sq. ft.
Lot Size
N/A
TOC
1
Lots
Existing Conditions
Floor Area 1,792 sq. ft.
Units 3
Year Constructed 1949
Assessed Improvement Value $50,518
Assessed Land Value $746,752
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

25 ft.

Venice Coastal Development Projects with a Varied Roofline shall not exceed a maximum height of 30 feet, provided that any portion of the roof that exceeds 25 feet is set back from the required front yard at least one foot in depth for every foot in height above 25 feet.

Stories

None

Minimum Setbacks
Front

15 ft.

Side

4.1 ft.

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

Back

15 ft.

Max Buildable Area, Footprint 2,854 sq. ft.
Max Buildable Area, Envelope 8,561 sq. ft.
Max Dwelling Units 4*
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 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 None required (6 or more units only)
Other Development Notes *2 units must be replacement affordable 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 4
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
Jurisdictional
Legal Description Lot 10 & PT 11, TR 2921
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
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 Venice Coastal Zone Specific Plan and the Los Angeles Coastal Transportation Corridor 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
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.

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