6035 W Pico Blvd

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.