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$ 4,995,000
Est. payment /mo
Active
242 N Dillon Street Los Angeles, CA 90026
17 Beds
19 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25177609
Bedrooms 17
Property Sub-Type Res Income 2-4 Units
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 LAs 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 builders 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 LAs most competitive rental corridors. Dont miss your chance to secure a trophy property in this highly desirable rental pocket of LA.
Location
State CA
County Los Angeles
Zoning Builder
Direction From the 101 Freeway: Exit at Silver Lake Blvd, Turn right on Temple St, Turn left on N Dillon St, 242 N Dillon St will be on yo
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Tax ID 5156009007
Virtual Tour https://www.myunits.com/buy/242ndillon
Listed by Lauren Cearley Myunits.com Inc.