Land Use & Zoning
The 'highest and best use' of a property is defined as the use that is:
ACurrently in place and generating income
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CPermitted by the current zoning without a variance
DMost common in the surrounding neighborhood
Explanation
Highest and best use is the use that meets all four criteria: legally permissible (allowed by law/zoning), physically possible (site characteristics support it), financially feasible (generates adequate return), and maximally productive (produces the highest land value).
Related California Land Use & Zoning Questions
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