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$ 4,995,000
Est. payment /mo
Pending
242 N Dillon Street Los Angeles, CA 90026
9,722 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,722 sqft
Price per Sqft $513
MLS Listing ID CRBB25177609
HOA Y/N No
Year Built 2025
Lot Size 6,370 Sqft
Acres 0.15
Property Sub-Type Other
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
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Exterior
View Y/N true
View City Lights, Other
Building
Lot Description Other
New Construction No
Others
Tax ID 5156009007
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Listed by Lauren Cearley • Myunits.com Inc.