1404-1408 S Araphoe Street Address: Title: 1404-1408 S Araphoe Street APN: Price: $ 1.75M RD1.5-1 13 11,709 sq. ft. Tier 2 2 Zone/District Max Unit Lot Size TOC Lots Existing Conditions Floor Area 6,384 sq. ft. Units 6 Years Constructed Several https://www.brickpluswork.com/properties/1404-1408-s-araphoe-street/ 1/5
Assessed Improvement Valuation $330,162 Assessed Land Value $613,768 Development Potential (By-Right) Maximum FAR 3:1 Maximum Height Feet 45 45 Stories Buildings used entirely for residential uses (and ground floor commercial in RAS zones) are only limited in height, not stories. Minimum Setbacks Front 15 Side 3 add 1 ft. of side setback for each story over 2, not to exceed 16 ft. Back 15 Max Buildable Area, Footprint 8740 Max Buildable Area, Envelope 26220 Max Dwelling Units 8 Affordable Units 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 per dwelling unit or guest room Short Term 1 per 10 dwelling unit or guest room Transitional Height Limitations Portions of Buildings in C or M zones with certain distances of RW1 or more restrictive zones shall not exceed the following limits: Distance (ft.) Height (ft.) 0-49 25 50-99 33 100-199 61 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 https://www.brickpluswork.com/properties/1404-1408-s-araphoe-street/ 2/5
Development Potential (with TOC or DB) Maximum FAR 4.35: 1 Maximum Height Feet 56 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 Minimum Setbacks Front 15 Front setback may utilize average of adjoining buildings Side 5 add 1 ft. of side setback for each story over 2, not to exceed 16 ft. Back 10.5 Max Buildable Area, Footprint 8740 Max Buildable Area, Envelope 38019 Max Dwelling Units 13 Affordable Units Required at least 9% for Extremely Low Income residents, or 12% for Very Low Income residents, or 21% for Low Income Residents Parking Required less than 1 space per unit Required Bicycle Parking Long Term 1 per dwelling unit or guest room Short Term 1 per 10 dwelling units or guest rooms Transitional Height Limitations When bordering specific plan, overlay zone, or RW1 or more restrictive zone, the building height shall be stepped back The building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal plane originating 15 ft. above grade at the property line of the adjoining lot. Required Open Space Up to 20% decrease in open space required by-right. Other Development Notes Jurisdictional Legal Description Lot 9, Block E, The Loomis Tract Addition https://www.brickpluswork.com/properties/1404-1408-s-araphoe-street/ 3/5
Land Use Low Medium II Residential Area Planning Commission South Los Angeles Community Plan Area South Los Angeles Neighborhood Council Pico Union Council District 1 Councilmember Gilbert Cedillo Restrictions Rent Stabilization Ordinance Yes Community Design Overlay No Historic Preservation Overlay No Specific Plan Q/T Conditions D Limitations Coastal Zone Community Redevelopment Agency Hillside Area Baseline Mansionization Ordinance Interim Control Ordinance River Improvement Overlay Community Plan Implementation Overlay Other 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. https://www.brickpluswork.com/properties/1404-1408-s-araphoe-street/ 4/5
BRICK+WORK Analyzer Calculator By-Right TOC or DB Building Type Type 1 Land Cost ($) 600,000 Total Buildable - - Net Buildable - - Average Construction Cost - - Average Rents in Area ($/sq.ft) 3 Cap Rate (%) 4.75 Total Construction Budget - - Total Soft Costs - - Total Development Budget - - CALCULATE 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. https://www.brickpluswork.com/properties/1404-1408-s-araphoe-street/ 5/5