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$4,625,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 242 N Dillon St

General

  • Sold For: $4,625,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: BB25177609
  • Added to Site: 164 day(s) ago

Interior

  • Interior Features: Open Floorplan, Recessed Lighting
  • Fireplace(s): None
  • Appliances: Dishwasher, Electric Oven, Electric Range, Instant Hot Water, Microwave, Refrigerator

Rooms

Other Rooms

  • Laundry: Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Lighting

Parking

  • Parking Features: Uncovered
  • Parking: Uncovered

Location

  • Area: C21 - Silver Lake - Echo Park
  • County: Los Angeles
  • Development Name: C21 - Silver Lake - Echo Park
  • Driving Directions: From the 101 Freeway: Exit at Silver Lake Blvd, Turn right on Temple St, Turn left on N Dillon St, 242 N Dillon St will be on your right.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 5
  • # Electric Meters: 5

Structural Information

  • Architectural Style: Modern
  • Windows: Double-Pane Windows
  • Entry Location: Ground Level
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 9,722
  • Year Built: 2025

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 6
  • Bedrooms: 5

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 5
  • Bedrooms: 4

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 4

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 4

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 4

Lot Features

  • Property View: City Lights, Neighborhood
  • Lot Size (Acres): 0.1462
  • Lot Size Source: Public Records
  • Zoning: LARD1.5
  • Lot Description: Landscaped

Financial Considerations

  • Price Per Sq. Ft.: $475.73
  • Price Per Unit: 999000

Listed by Myunits.com Inc., Lauren Cearley and Myunits.com Inc., Cheyenne Womack
Sold by Were Real Estate, Tahha Elsherif

Listing agents

— 242 N Dillon St —

  • Lauren Cearley

    Myunits.com Inc.

  • Cheyenne Womack

    Myunits.com Inc.

209-298-6020

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 N Dillon St

School District:Los Angeles Unified School District
NameGradesDistance
Commonwealth Avenue Elementary School
215 South Commonwealth Avenue, Los Angeles, CA 90004
1-50.4 mi
Virgil Middle School
152 North Vermont Avenue, Los Angeles, CA 90004
6-80.5 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 N Dillon St

Date
Details
Price
Change
Source
12/24/2025
Sold
$4,625,000
-7.41%
MLS
8/06/2025
Listed
$4,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Myunits.com Inc., Lauren Cearley and Myunits.com Inc., Cheyenne Womack
Sold by Were Real Estate, Tahha Elsherif

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242 N Dillon Street, Los Angeles, CA 90026 (MLS# BB25177609) is a Multi-Family property that was sold at $4,625,000 on December 24, 2025. Want to learn more about 242 N Dillon Street? Do you have questions about finding other Multi-Family real estate for sale in Silver Lake? You can browse all Silver Lake real estate or contact a Coldwell Banker agent to request more information.