Brick+Work

Westminster C1 Lot Assemblage, 41 Potential Units with Density Bonus

Westminster

Westminster C1 Lot Assemblage, 41 Potential Units with Density Bonus

APN: 096-321-20, 096-321-21, 096-321-22

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41
Max Unit
32,499 sq. ft.
Lot Size
N/A
TOC
3
Lots
Existing Conditions
Floor Area N/A
Units N/A
Year Constructed N/A
Assessed Improvement Value $467,066
Assessed Land Value $1,165,052
Development Potential (By-Right)
Maximum FAR 1.0:1 for non residential uses
Maximum Height
Feet

35 ft.

Stories

2

Minimum Setbacks
Front

50 ft.

Side

10 ft.

Back

25 ft.

Max Buildable Area, Footprint 13,834 sq. ft.
Max Buildable Area, Envelope 13,834 sq. ft.
Max Dwelling Units 29
Affordable Units Required None
Parking Required For units with 1 or fewer bedrooms (bachelor) – 1 enclosed garage space per unit and 0.5 off-street, open parking space per unit For units with 2 bedrooms – 1 enclosed garage space per unit and 1 off-street, open parking space per unit For units with 3 or more bedrooms – 2 enclosed garage spaces per unit and 0.5 off-street, open parking spaces per unit
Required Bicycle Parking
Long Term None required for residential; see municipal code for commercial requirement
Short Term Minimum of 10% of the required vehicle spaces, unless a separate secured garage space is provided for each unit.
Transitional Height Limitations None required
Required Open Space 250 sq. ft. per dwelling unit
Other Development Notes The General plan allows 40 dwelling units per acre in mixed-use areas
Development Potential (with TOC or DB)
Maximum FAR 1.0:1 for non residential uses
Maximum Height
Feet

35 ft.

Eligible for increase through bonus incentives

Stories

2

Eligible for increase through bonus incentives

Minimum Setbacks
Front

50 ft.

Eligible for decrease through incentives

Side

10 ft.

Eligible for decrease through incentives

Back

25 ft.

Eligible for decrease through bonus incentives

Max Buildable Area, Footprint 13,834 sq. ft.
Max Buildable Area, Envelope 13,834 sq. ft.
Max Dwelling Units 41
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale only)
Parking Required Eligible for parking reduction
Required Bicycle Parking
Long Term None required for residential; see municipal code for commercial requirement
Short Term Minimum of 10% of the required vehicle spaces, unless a separate secured garage space is provided for each unit.
Transitional Height Limitations None required
Required Open Space Eligible for decrease through bonus incentives
Other Development Notes The General plan allows 40 dwelling units per acre in mixed-use areas
Jurisdictional
Legal Description Lot 34 (Arb 20-22), Tract No 1274
Land Use Local Business District
Area Planning Commission N/A
Community Plan Area N/A
Neighborhood Council N/A
Council District N/A
Councilmember N/A
Red Flags
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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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