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Listed by Lauren Cearley • Myunits.com Inc.
$ 4,995,000
Est. payment /mo
New
242 N Dillon ST Los Angeles, CA 90026
6,370 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25177609
Style Contemporary
Year Built 2025
Lot Size 6,370 Sqft
Source California Regional MLS
Property Description
242 N Dillon is a brand-new, NON-RENT-CONTROLLED 2025 five-unit luxury community located just seconds from Silver Lake, one of LA's most sought-after rental markets. This architectural gem combines prime location, high-end finishes, and strong returns, offering investors a projected 5.68% cap rate with minimal expenses. Set on a gentrifying street with standout curb appeal, 242 N Dillon features five expansive units - including one massive 5-bedroom tri-level townhome (2,356 SF) and four oversized 4-bedroom units - all with private entrances and thoughtfully designed, renter-friendly floorplans. Each unit is separately metered for all utilities and comes with a full 1-year builder's warranty, ensuring low maintenance and long-term stability. Luxury features include designer tile, custom cabinetry, stainless steel appliances, oversized kitchen islands, high ceilings, balconies, large closets, and stunning 360-degree rooftop decks. The building is enhanced by drought-tolerant landscaping, ample parking, and natural light throughout. With no rent control, high-income potential, and top-tier design, 242 N Dillon is a rare opportunity to own a high-performing, low-maintenance asset in one of LA's most competitive rental corridors. Don't miss your chance to secure a trophy pro
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Electric, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Washer, Dryer, 9
Exterior
Parking Features Uncovered Parking
Garage Spaces 9.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Story Three or More Stories
Water Hot Water, District - Public
Architectural Style Contemporary
Others
Tax ID 5156009007
Special Listing Condition Not Applicable
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