242 N Dillon Street, Los Angeles, CA 90026
- $4,625,000
- Sold Price
- $4,625,000
- List Price
- $4,995,000
- Closing Date
- Dec 24, 2025
- Status
- CLOSED
- MLS#
- BB25177609
- Year Built
- 2025
- Lot Size
- 6,370
- Acres
- 0.15
- Lot Location
- Landscaped
- Days on Market
- 51
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Quadruplex
- Stories
- Three Or More Levels
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.
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Additional Information
- Taxes
- $59,925
- Appliances
- Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Open Floorplan, Recessed Lighting, Instant Hot Water
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $363,300
- Operating Expense
- 68458
- Levels
- Three Or More
- Parking Spaces
- 9
Listing courtesy of Listing Agent: Lauren Cearley (listings@twotofour.com) from Listing Office: Myunits.com Inc..
Listing sold by Tahha Elsherif from WERE REAL ESTATE
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.