Brick+Work

West Adams Property, 3 Potential Units

LOS ANGELES

West Adams Property, 3 Potential Units

APN: 5043-003-043

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RD1.5-1
Zone/District
N/A
Max Unit
5,042 sq. ft.
Lot Size
Tier 1
TOC
1
Lots
Existing Conditions
Floor Area 1,281 sq. ft.
Units 1
Year Constructed 1924
Assessed Improvement Value $113,248
Assessed Land Value $240,989
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

45 ft.

Stories

None

Minimum Setbacks
Front

15 ft.

Side

4 ft.

Back

15 ft.

Max Buildable Area, Footprint 2,818 sq. ft.
Max Buildable Area, Envelope 8,454 sq. ft.
Max Dwelling Units 3
Affordable Units Required at least 15% of all new and rehabilitated dwelling units developed within the Project Area by public or private entities shall be available at affordable housing cost to persons and families of low- or moderate-income; and of such 15%, not less than 40% shall be available at affordable housing cost to very low-income households
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 Mid City Redevelopment Plan, all setback areas shall be landscaped and maintained by the owner Site is not allowed to utilize TOC or Density Bonus incentives as the by-right project does not provide at least 5 residential dwelling 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 N/A
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 N/A
Jurisdictional
Legal Description Lot 377, TR 1566
Land Use Low Medium II Residential
Area Planning Commission South Los Angeles
Community Plan Area West Adams-Baldwin Hills-Leimert
Neighborhood Council West Adams
Council District 10
Councilmember Mark Ridley-Thomas
Red Flags
Development Plans on this property will be subject to review by the Mid City Recovery Redevelopment Project.
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this 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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