658 Lillian Way is a mixed-use single family home and detached office/flex building situated on a 7,160 SF (0.16 Acres) C2-1 Tier 1 TOC zoned parcel in the Greater Wilshire/Hancock Park neighborhood. The 3 Bed 2 Bathroom home, which totals 1,560 SF, is the perfect fixer-upper! The home sits on a 0.16 Acre C2-1 Tier 1 TOC zoned parcel, which adds many options to the property. The next owner would have the ability to rehab the current improvements, build additional ADU units on the lot, or build 17-unit multi-family development by-right (1.5:1 FAR) or up to a 27-unit multi-family development with the Tier 1 TOC Bonus (2.75:1 FAR) - Buyer to Verify. Alternatively, an owner user would be able to take advantage of the mixed use aspect, by living in the front portion of the property and running a business out of the back office/flex space. The commercial portion of the property, totaling an approximate 528 SF, could be used for a variety of different businesses looking to take advantage of the fantastic location. The asset is located 2 parcels south of the Lillian Way/Melrose Ave Intersection, a cross street that sees over 37,000 VPD.

Listed By CRMLS_CA / Ryan Rothstein-Serling / Ryan Rodman Rothstein-Serling

Last checked: Checking… • Last updated Nov 13, 2023 • Source: CRMLS_CA

MLS# 23255871 — Report a problem