Rule set

LR2

Units

13 (cap 16)

Stories

6

FAR

2.90

Buildable SF

13,919

Net sellable / rentable SF

11,413

Average unit SF

850

Affordable set-aside

1 units · 2 Moderate-Income units or 1 Low-Income unit

Full SB 79 envelope (post-July 2026 timing): 18 units · 9 stories · FAR 4.00 · RLV -$247,257. Which envelope controls depends on when an application is deemed complete — confirm with counsel.

Exit strategy

Condo sellout

Gross development value

$9,964,370

Total development cost

$7,723,203

Required profit

$1,158,480

Residual land value

$1,055,435

Max land per unit

$81,187

Acquisition basis

$1,090,082

Spread over basis

-$34,647

• 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✓ Pass
• Not RSO-registered✓ Pass
• SCAG and city maps agree! Flagged

• ✕ Zone "R2-1XL" is not a single-family district — SB 9 applies only to single-family zones.

APN

5429-001-012

Lot size

4,800 sqft · 0.11 acres

Use code

0500

Year built

1920

Allowed units under current zoning

2

Last sale

4/20/2006 · —

Hold period

20 years

Assessed value (tax roll — often far below market)

$1,045,423

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

$1,090,082

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.