Los Angeles, CA 90026,242 N Dillon Street
Listed by Lauren Cearley • Myunits.com Inc.
Bought with Tahha Elsherif • WERE REAL ESTATE
$4,625,000
$4,995,000
7.4%
Est.Price: ?

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9,722 SqFt

242 N Dillon Street Los Angeles, CA 90026

Est. payment /mo
SOLD DATE : 12/24/2025

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Key Details

Sold Price $4,625,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 9,722 sqft

Price per Sqft $475

MLS Listing ID CRBB25177609

Year Built 2025

Lot Size 6,370 Sqft

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

Interior

Heating Other

Cooling Central Air

Laundry Dryer, Washer, Other

Exterior

View City Lights, Other

Building

Lot Description Other

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Bay East Association of Realtors

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Peter Cheung

Peter Cheung

Realtor | CA BRE#: 02070039

+1(510) 387-3876

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