242 N Dillon St

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.

This home located at 242 N Dillon ST is currently active and has been available on pardeeproperties.com for 8 days. This property is listed at $4,995,000. It has 21 beds and 21 bathrooms. The property was built in 2025. 242 N Dillon ST is in the Silver Lake - Echo Park community of Los Angeles County.

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