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Listed by Lauren Cearley • Myunits.com Inc.
$ 4,995,000
Est. payment /mo
Active
242 North Dillon Street Los Angeles, CA 90026
9,722 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 9,722 sqft
Price per Sqft $513
MLS Listing ID BB-25177609
Style Modern
Year Built 2025
Lot Size 6,370 Sqft
Property Sub-Type Quadruplex
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 property in this highly desirable rental pocket of LA.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD1.5
Interior
Interior Features Open Floorplan, Recessed Lighting
Heating Central
Fireplaces Type None
Laundry Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
Exterior
Exterior Feature Lighting
Parking Features Uncovered
Pool None
Community Features Sidewalks, Street Lights
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer