Brick+Work

Westlake South, 33 Unit Potential, 9 Max FAR

Los Angeles

Westlake South, 33 Unit Potential, 9 Max FAR

APN: 5142007004

$

33
Max Unit
7,500 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 4,410 sq. ft.
Units 1
Year Constructed 1904
Assessed Improvement Value $184,649
Assessed Land Value $738,600
Development Potential (By-Right)
Maximum FAR 6:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

15 ft.

Side

5 ft.

Back

15 ft.

Max Buildable Area, Footprint 4,800 sq. ft.
Max Buildable Area, Envelope 45,000 sq. ft.
Max Dwelling Units 18
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 per dwelling unit or guest room
Short Term 1 per 10 dwelling unit or guest room
Transitional Height Limitations None
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 Minimum 200 sq. ft./guest room
Development Potential (with TOC or DB)
Maximum FAR 9:1
Maximum Height
Feet

None

Stories

None

Minimum Setbacks
Front

15 ft,

Side

5 ft.

Back

15 ft.

Max Buildable Area, Footprint 5,354 sq. ft.
Max Buildable Area, Envelope 67,500 sq. ft.
Max Dwelling Units 33
Affordable Units Required at least 10% Extremely Low Income, or 14% Very Low Income, or 23% Low Income
Parking Required Less than .5 space per unit
Required Bicycle Parking
Long Term 1 per 1.5 dwelling units or guest rooms
Short Term 1 per 15 dwelling units or guest rooms
Transitional Height Limitations None
Required Open Space Up to 25% decrease in required open space
Other Development Notes Minimum 200 sq. ft./guest room
Jurisdictional
Legal Description Lot 16, Westlake Park Tract
Land Use Community Commercial
Area Planning Commission Central
Community Plan Area Westlake
Neighborhood Council Westlake South
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.
Development Plans on this property will be subject to review by the Westlake Recovery Redevelopment Project. This could also limit the utilization of TOC incentives.
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
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