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TOC Incentives

TOC Project — Transit Corridor

Location

City of Los Angeles

Scope

74 units

Timeline

Entitled in 8 months

TOC Project — Transit Corridor

Overview

Overview

A first-time LA developer optioned a corridor site with the working assumption of base zoning. We were engaged during the option period to confirm whether a TOC pathway was viable before non-refundable money went hard.

Challenges

Challenges

  • Tier eligibility was ambiguous — the site sat near the boundary of two qualifying transit stops
  • The base zoning would not support the underwritten unit count
  • Acquisition deadline gave 30 days for a defensible read

Strategy

Strategy

  • Verified Tier 3 qualification through stop typology and walking distance analysis
  • Modeled the incentive package — density, FAR, height, and parking — against the architect's massing
  • Provided a pre-acquisition memo the developer used to defend pricing internally

Outcomes

Outcomes

  • Acquisition closed with confidence in the upside case
  • Project subsequently approved ministerially at the modeled unit count
  • Saved ~14 months relative to a discretionary path

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We work with developers, capital partners, and property owners on entitlement-sensitive transactions across Southern California. Most engagements begin with a feasibility review prior to acquisition.