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.
Property Features
Bedrooms
Interior Features
- Open Floorplan
- Recessed Lighting
- Window Features: Double Pane Windows
Appliances
- Appliances: Dishwasher, Electric Oven, Electric Range, Instant Hot Water, Microwave, Refrigerator
- Appliances YN: Yes
- Laundry Features: Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Bathrooms
Exterior and Lot Features
- Lighting
- Road Frontage Type: City Street
- Road Surface Type: Paved
Land Info
- Lot Description: Landscaped
- Lot Size Acres: 0.1462351
- Lot Size Source: Public Records
- Lot Size Square Feet: 6370
Garage and Parking
- Parking Features: Parking YN: Yes, Parking Features: Uncovered
- Parking Total: 9
Home Features
- View: City Lights, Neighborhood
Multi-Unit Info
- Number of Units: 5
- Bedrooms in Unit-1: 5
- Bedrooms in Unit-2: 4
- Bedrooms in Unit-3: 4
- Bedrooms in Unit-4: 4
- Bedrooms in Unit-5: 4
- Total Bathrooms in Unit-1: 6
- Total Bathrooms in Unit-2: 5
- Total Bathrooms in Unit-3: 4
- Total Bathrooms in Unit-4: 4
- Total Bathrooms in Unit-5: 2
Homeowners Association
- Gardener Expense: 1200.00
- Maintenance Expense: 1500.00
Rental Info
- Tenant Pays: All Utilities
- Vacancy Allowance: 10899
Amenities and Community Features
- Community Features: Sidewalks, Street Lights
Other Property Info
- Annual Tax Amount: 59925.00
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 5.68
- Source Property Type: Residential Income
- Insurance Expense: 5833.00
- Area: C21 - Silver Lake - Echo Park
- Source Neighborhood: C21 - Silver Lake - Echo Park
- New Taxes Expense: 59925.00
- Number of Separate Electric Meters: 5
- Number of Separate Water Meters: 5
- Parcel Number: 5156009007
- Zoning: LARD1.5
- Source System Name: C2C
Commercial Info
- Net Operating Income: 283943.00
Building and Construction
- Total Square Feet Living: 9722
- Year Built: 2025
- Building Features: 2
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: Ground Level
- New Construction: Yes
- Property Condition: Turnkey
- Levels or Stories: Three Or More
- Building Total Stories: 3
- Structure Type: Quadruplex
- House Style: Modern
- Year Built Source: Builder
Utilities
- Electric: Standard
- Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
- Water Source: Public
