Brick+Work

West Adams C2 Lot, 67 Unit Potential with Tier 3 TOC

Los Angeles

West Adams C2 Lot, 67 Unit Potential with Tier 3 TOC

APN: 5048003062

Print Friendly and PDF

Print Friendly, PDF & Email
C2-1VL-CPIO
Zone/District
67
Max Unit
28,649 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 15,191‬ sq. ft.
Units 3
Year Constructed 1934, 1947-1948, 1954, 1959
Assessed Improvement Value $680,520
Assessed Land Value $946,750
Development Potential (By-Right)
Maximum FAR 1.5:1
Maximum Height
Feet

45 ft.

Stories

3

Minimum Setbacks
Front

0 ft.

The maximum setback for the Primary Frontage from the sidewalk shall be 2 feet. For Mixed-Use buildings on a corner lot, no setback requirements, other than those in Subsection 1, above, shall apply to any portion of a building frontage used for residential uses.

Side

0 ft.

All street facing fagades for a building on a corner lot shall comply with the Primary Frontage requirements

Back

15 ft.

For West end of Lot, only 5 ft. setback as the half alley in the rear is 10 ft. For East end of lot, 7.5 ft. setback as the half alley is 7.5 ft. 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 27,259 sq. ft.
Max Buildable Area, Envelope 42,974 sq. ft.
Max Dwelling Units 38
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;
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100;
Transitional Height Limitations New construction on a lot designated commercial or industrial in the Community Plan that directly abuts or is across an alley from a lot designated residential in the Community Plan shall transition in the following manner: Where the rear or side yard property line is contiguous with the residential lot or separated by an alley less than 15 feet in width, the entire building shall be set back, or individual floors "stepped back,” one foot for every one foot in building height as measured 15 feet above grade at the shared property line. Where the Project lot and the residential lot are separated by an alley 15 feet or greater in width, the entire building shall be set back, or individual floors "stepped back,” one foot for every one foot in building height as measured from grade at the residential property line.
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 CPIO, 100% res use prohibited
Development Potential (with TOC or DB)
Maximum FAR 3.75:1
Maximum Height
Feet

67 ft.

Projects located in a zone where the maximum height is 45 ft. or less, or located within a Specific Plan that limits height, height increases over 11 ft. must be stepped-back at least 15 ft. from the exterior face of the ground floor building located at any street frontage.

Stories

5

Minimum Setbacks
Front

0 ft.

Side

0 ft.

Back

15 ft.

For West end of Lot, only 5 ft. setback as the half alley in the rear is 10 ft. For East end of lot, 7.5 ft. setback as the half alley is 7.5 ft.;15 ft. rear setback required if abutting RD or more restrictive zone; no setbacks required for mixed use project abutting street or alley or commercial only uses

Max Buildable Area, Footprint 27,259 sq. ft.
Max Buildable Area, Envelope 107,434 sq. ft.
Max Dwelling Units 67
Affordable Units Required at least 10% for Extremely Low Income, or 14% for Very Low Income, or 23% for Low Income
Parking Required Shall not exceed .5 space per unit
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100;
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100;
Transitional Height Limitations When bordering specific plan, overlay zone, or RW1 or more restrictive zone, the building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 25 ft. above grade at the property line of the adjoining lot.
Required Open Space Up to 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 29-32, 154-159, Block 4, TR 6377
Land Use Neighborhood Commercial
Area Planning Commission South Los Angeles
Community Plan Area West Adams-Baldwin Hills-Leimert
Neighborhood Council West Adams
Council District 10
Councilmember Herb J. Wesson, Jr.
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.
Development plans on this property will be subject to review by the Mid City Recovery CRA/LA. This could also limit the utilization of TOC incentives.
Property is subject to the requirements of the West Adams-Baldwin Hills-Leimiert CPIO, which could limit the development potential of the site.
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this 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.