Brick+Work

Westwood R3 Lot, 16 Unit Potential with Tier 3 TOC

Los Angeles

Westwood R3 Lot, 16 Unit Potential with Tier 3 TOC

APN: 4324033014

$

[Q]R3-1-O
Zone/District
16
Max Unit
6,545 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 2,448 sq. ft.
Units 2
Year Constructed 1930
Assessed Improvement Value $194,919
Assessed Land Value $1,238,943
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

45 ft.

Stories

None

Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories.

Minimum Setbacks
Front

15 ft.

10 ft front setback for key lots

Side

5 ft.

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

Back

15 ft.

Max Buildable Area, Footprint 4,005 sq. ft.
Max Buildable Area, Envelope 12,015 sq. ft.
Max Dwelling Units 8
Affordable Units Required None
Parking Required Per Westwood Community Multi Family Specific Plan: At least 2 1/4 parking spaces for each dwelling unit containing four habitable rooms or less. One additional parking space shall be provided for dwelling units with more than four habitable rooms. At least 1 1/4 parking spaces for each guest room or efficiency dwelling unit. Of the parking spaces required, guest parking shall be provided at a ratio of 1/4 space for every dwelling unit, guest room, or efficiency dwelling unit. Guest parking shall be clearly identified.
Required Bicycle Parking
Long Term 1 space per unit for units 0-25;
Short Term 1 space per 10 units for units 0-25;
Transitional Height Limitations None Required
Required Open Space Per Westwood Community Multi Family Specific Plan: 200 square feet per unit required for R3 lot. A minimum of 50 square feet of open space shall be provided for each guest room. A minimum of 50 percent of the open space must be landscaped
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 4.5:1
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

None

Minimum Setbacks
Front

15 ft.

10 ft front setback for key lots

Side

3.5 ft.

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

Back

10.5 ft.

Max Buildable Area, Footprint 4,488 sq. ft.
Max Buildable Area, Envelope 20,196 sq. ft.
Max Dwelling Units 16
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;
Short Term 1 space per 10 units for units 0-25;
Transitional Height Limitations None required
Required Open Space Up to 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot 19, Block 1, TR 7514
Land Use Medium Residential
Area Planning Commission West Los Angeles
Community Plan Area Westwood
Neighborhood Council Westwood
Council District 5
Councilmember Paul Koretz
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.
Property is subject to the requirements of the West Los Angeles Transportation Improvement and Mitigation Specific Plan, Westwood Community Design Review Board, and Westwood Community Plan Multiple Family Residential Development Standards which could limit the development potential of the site.
Per ORD-163186-SA1: all new projects with two or more units shall be subject to design review by the Westwood Community Design Review Board.
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.