Brick+Work

Wilmington RD1.5 Corner Lots, 14 Potential Lots with Density Bonus

Wilmington

Wilmington RD1.5 Corner Lots, 14 Potential Lots with Density Bonus

APN: 7416-031-016; 7416-031-039

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[Q]RD1.5-1XL-O-CUGU
Zone/District
14
Max Unit
14,725 sq. ft.
Lot Size
No
TOC
2
Lots
Existing Conditions
Floor Area N/A
Units N/A
Year Constructed N/A
Assessed Improvement Value $0
Assessed Land Value $1,077,067
Development Potential (By-Right)
Maximum FAR 3:1
Maximum Height
Feet

30 ft.

Stories

2

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.

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 10,375 sq. ft.
Max Buildable Area, Envelope 31,125 sq. ft.
Max Dwelling Units 9
Affordable Units Required None
Parking Required At least 2 parking spaces per dwelling unit Guest parking will be provided at one-half space per dwelling unit
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 At least 100 square feet per unit of common useable open space areas; useable open space areas shall have a total area of at least 400 square feet and shall be located at ground level or at the first habitable room level.
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 4.05:1
Maximum Height
Feet

41 ft.

Stories

3

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

Minimum Setbacks
Front

12 ft.

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 10,660 sq. ft.
Max Buildable Area, Envelope 43,173 sq. ft.
Max Dwelling Units 14
Affordable Units Required at least 11% for Very Low Income, 20% for Low Income, or 40% for Moderate Income (for sale only)
Parking Required 0-1 bedrooms: 1 on-site parking space; 2-3 bedrooms: 2 on-site parking spaces; 4 or more bedrooms: 2.5 parking spaces
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 Up to 20% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lots FR 16, 17, Block 2, WILMINGTON HARBOR PARK
Land Use Low Medium II Residential
Area Planning Commission Harbor
Community Plan Area Wilmington - Harbor City
Neighborhood Council Wilmington
Council District 15
Councilmember Joe Buscaino
Red Flags
Per Ord No. 167232 (D Limitation), projects consisting of three or more dwelling units shall provide at least 100 sq. ft. per unit of common useable open space, 50% of required yards shall be landscaped, specific exterior finishes and at least 2 parking spaces per dwelling unit (guest parking will be provided at one-half space per dwelling unit).
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this site.
The site is subject to the Clean Up Green Up Supplemental Use District, 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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