Brick+Work

Venice RD1.5 Corner Lot, 2 Potential Units

Venice

Venice RD1.5 Corner Lot, 2 Potential Units

APN: 4239-026-001

$ 1.3M1300000

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RD1.5-1
Zone/District
2
Max Unit
5,005 sq. ft.
Lot Size
No
TOC
1
Lots
Existing Conditions
Floor Area 1,572 sq. ft.
Units 2
Year Constructed 1926
Assessed Improvement Value $119,356
Assessed Land Value $1,758,301
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

Flat Roof: 25 ft.

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

3.8 ft.

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

Back

15 ft.

Max Buildable Area, Footprint 3,055 sq. ft.
Max Buildable Area, Envelope 9,163 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 for all 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
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 Site is ineligible for Affordable housing incentives as a minimum 5 by-right units are not provided. Per the Venice Coastal Zone Specific Plan, a maximum of two dwelling units per lot shall be permitted for all 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
Jurisdictional
Legal Description Lot 2, Block Q, 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
Property is subject to the requirements of 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
Building on site has been identified as having "historical significance" by SurveyLA. This could limit the development potential of the site.
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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

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