Prime Commercial and Mixed-Use Development: 1. Flexible Zoning (C4) • Commercial and Mixed-Use Development: C4 zoning allows for a wide range of uses, including retail, offices, restaurants, and residential developments as part of a mixed-use project. • Residential Possibilities: It permits residential units, making it attractive for developers aiming to create mixed-use or residential-focused projects in an urban environment. • High-Density Opportunities: C4 zoning often allows for higher density compared to other commercial zones, which can be ideal for urban developments. 2. Tier 3 TOC (Transit-Oriented Communities) Incentives • Higher Density Bonus: Properties with Tier 3 status under the TOC program can receive significant density bonuses, allowing for the construction of more residential units than would otherwise be permitted. • Reduced Parking Requirements: Developers can benefit from reduced parking requirements, which can lower construction costs and provide more usable space for the development. • Height and FAR (Floor Area Ratio) Increases: Tier 3 allows for greater building height and increased FAR, enabling larger projects that maximize the site’s potential. • Affordable Housing Incentives: In exchange for providing affordable housing units, developers gain access to additional incentives, including expedited approvals and relaxed design standards. 3. Prime Los Angeles Location • Proximity to Transportation: Properties with TOC Tier 3 status are typically near major transit stops (e.g., bus lines or rail stations), enhancing accessibility and desirability. • High Demand Area: Los Angeles, particularly in dense and growing neighborhoods like South Robertson or Pico Boulevard, has a strong demand for both residential and commercial spaces. • Urban Lifestyle Appeal: Mixed-use developments in transit-accessible areas are increasingly popular among residents seeking walkable, amenity-rich neighborhoods. 4. Development Potential and ROI • Attractive to Investors and Developers: The combination of C4 zoning and Tier 3 TOC status increases the property’s appeal for large-scale projects, potentially yielding higher returns. • Sustainability Focus: TOC developments align with Los Angeles’ push for sustainable urban growth, benefiting from city support for projects near transit. Conclusion: A property with C4 zoning and Tier 3 TOC status offers flexibility, incentives, and prime location benefits, making it a valuable asset for developers looking to capitalize on Los Angeles' urban growth and housing demand.