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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.
Last Updated | 8/7/2025 | Year Built | 2025 |
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Community | C21 - Silver Lake - Echo Park | County | Los Angeles |
Additional Details
AIR CONDITIONING | Yes |
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AREA | C21 - Silver Lake - Echo Park |
LOT | 6368 sq ft |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 3+ |
TAXES | 59925 |
VIEW | Yes |
VIEW DESCRIPTION | City Lights, Neighborhood |
WATER | Public |
Location
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