LOS ANGELES—Many property owners are looking for ways to improve the apartment supply by maximizing current property space, but how do you increase you parking requirement if you add new units to your property? Property manager Robert Lopata, the president and co-founder of property management firm LBPM, has been advocating for converting additional lot square footage to legal units, and says that creating bicycle parking may help meet parking requirement on new units.
“Even though you have the lot size, the parking is finite. There is a provision in the Civil Code, which we have utilized, that allows you to add or replace a certain number of parking spaces in your building with bicycle parking. You can do four bicycles for every one space,” Lopata tells GlobeSt.com. “The only condition is that you have to secure it, so you would have to take a storage room. They are quite easy to do.” This is a good method for owners who do not have the right amount of parking to make the change.
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Kelsi Maree Borland
