Brick+Work

Westlake R4 Dual Lot, 82 Potential Units with TOC Tier 3

Los Angeles

Westlake R4 Dual Lot, 82 Potential Units with TOC Tier 3

APN: 5153-004-007, 5153-004-008

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82
Max Unit
18,179 sq. ft.
Lot Size
Tier 3
TOC
2
Lots
Existing Conditions
Floor Area 9,234 sq. ft.
Units 19
Year Constructed 1921
Assessed Improvement Value $225,183
Assessed Land Value $202,612
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

None

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.

add 1 foot of back setback for each story over 3, not to exceed 20 ft.

Max Buildable Area, Footprint 14,164 sq. ft.
Max Buildable Area, Envelope 42,492 sq. ft.
Max Dwelling Units 47
Affordable Units Required None Required
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
Development Potential (with TOC or DB)
Maximum FAR 4.5:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

15 ft.

Side

3.5 ft./5 ft.

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

Back

10.5 ft

add 1 foot of back setback for each story over 3, not to exceed 20 ft.

Max Buildable Area, Footprint 14,786 sq. ft.
Max Buildable Area, Envelope 63,738 sq. ft.
Max Dwelling Units 82
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 One per dwelling unit or guest room
Short Term One per 10 dwelling unit or guest room.
Transitional Height Limitations None required
Required Open Space Up to 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots 13-14, Tract OSCAR B. SMITH'S CROWN HILL TRACT
Land Use High Medium Residential
Area Planning Commission Central
Community Plan Area Westlake
Neighborhood Council Westlake North
Council District 1
Councilmember Gilbert Cedillo
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.
Project is subject to the requirements of the Westlake Recovery Redevelopment Project, which 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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