Rule set

LR1

Units

5 (cap 11)

Stories

4

FAR

1.80

Buildable SF

5,233

Net sellable / rentable SF

4,291

Average unit SF

850

Affordable set-aside

1 units · 1 Moderate-Income unit

Full SB 79 envelope (post-July 2026 timing): 9 units · 7 stories · FAR 3.25 · RLV $1,769,751. Which envelope controls depends on when an application is deemed complete — confirm with counsel.

Exit strategy

Condo sellout

Gross development value

$4,074,976

Total development cost

$2,575,541

Required profit

$386,331

Residual land value

$1,107,861

Max land per unit

$221,572

Acquisition basis

$209,741

Spread over basis

$898,120

• Outside Very High Fire Hazard Severity Zone✓ Pass
• Outside HPOZ historic overlay✓ Pass
• Not a Historic-Cultural Monument✓ Pass
• Outside sea-level-rise zone✓ Pass
• General Plan land use eligible✓ Pass
• SB 79 / Low-Rise transit eligibility✓ Pass
• Within half-mile walkshed of transit✓ Pass
• Not an individual condo / own-your-own unit✓ Pass
• Not publicly owned (900-series APN)✓ Pass
• Meets minimum lot size! Flagged
• Not RSO-registered✓ Pass
• SCAG and city maps agree! Flagged

• ✕ Zone "BCC-3" is not a single-family district — SB 9 applies only to single-family zones.
• ✕ General Plan land use "commercial" is not residential.

APN

2446-001-004

Lot size

2,907 sqft · 0.07 acres

Use code

2700

Year built

1951

Allowed units under current zoning

2

Last sale

5/30/2023 · —

Hold period

3 years

Assessed value (tax roll — often far below market)

$208,595

Est. market value (last sale unwound × ZIP home-value index)

$209,741

Owner occupied

No — absentee

Owner mailing address

Location calibration: Zillow Research home-value and rent indexes (ZHVI/ZORI, ZIP level). Value estimates are modeled from public records — not appraisals or listing prices.