Rule set

LR1

Units

6 (cap 11)

Stories

4

FAR

1.80

Buildable SF

6,389

Net sellable / rentable SF

5,239

Average unit SF

850

Affordable set-aside

1 units · 1 Moderate-Income unit

Full SB 79 envelope (post-July 2026 timing): 11 units · 7 stories · FAR 3.25 · RLV $7,928. Which envelope controls depends on when an application is deemed complete — confirm with counsel.

Exit strategy

Condo sellout

Gross development value

$4,048,750

Total development cost

$3,108,247

Required profit

$466,237

Residual land value

$473,010

Max land per unit

$78,835

Acquisition basis

$50,232

Spread over basis

$422,778

• 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 "NL" is not a single-family district — SB 9 applies only to single-family zones.

APN

6234-016-024

Lot size

3,550 sqft · 0.08 acres

Use code

010V

Year built

—

Allowed units under current zoning

1

Last sale

7/15/2022 · —

Hold period

4 years

Assessed value (tax roll — often far below market)

$50,232

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.