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.
Sold for $4,625,000
Listed by: Myunits.com Inc. • Lauren Cearley • Contact: 213-302-8662
Bought with: WERE REAL ESTATE
$4,625,000
242 N Dillon St, Los Angeles, CA 90026
21beds
21baths
9,722sqft
Quadruplex
Built in 2025
-- sqft lot
$4,669,100 Zestimate®
$476/sqft
$3,459 Estimated rent
Home value
$4,669,100
$4.25M - $5.14M
$3,459/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Lauren Cearley DRE #02146823 209-298-6020,
Myunits.com Inc.,
Cheyenne Womack DRE #02064825 805-973-7470,
Myunits.com Inc.
Bought with:
Tahha Elsherif, DRE #02046461
WERE REAL ESTATE
Source: CRMLS,MLS#: BB25177609
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 21
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Dryer, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Open Floorplan, Recessed Lighting, Instant Hot Water
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 9,722
- Total interior livable area: 9,722 sqft
Property
Parking
- Total spaces: 9
- Parking features: Uncovered
- Uncovered spaces: 9
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Ground Level
- Exterior features: Lighting
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights, Neighborhood
Lot
- Size: 6,370 Square Feet
- Features: Landscaped
Details
- Parcel number: 5156009007
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Quadruplex
Condition
- Turnkey
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $476/sqft
- Tax assessed value: $1,248,480
- Annual tax amount: $59,925
- Date on market: 8/6/2025
- Cumulative days on market: 51 days
- Listing terms: Submit
- Total actual rent: 0
- Tenant pays: All Utilities
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2026 | Listing removed | $4,108 |
Source: CRMLS #BB25152102 Report a problem | ||
| 3/25/2026 | Price change | $4,108-4.1% |
Source: CRMLS #BB25152102 Report a problem | ||
| 3/4/2026 | Price change | $4,283-4.9% |
Source: CRMLS #BB25152102 Report a problem | ||
| 2/27/2026 | Sold | $4,625,000$476/sqft |
Source: Public Record Report a problem | ||
| 2/25/2026 | Listed for rent | $4,506 |
Source: CRMLS #BB25152102 Report a problem | ||
| 12/24/2025 | Sold | $4,625,000+285.4%$476/sqft |
Source:  CRMLS #BB25177609 Report a problem | ||
| 5/3/2023 | Sold | $1,200,000-14.2%$123/sqft |
Source: Public Record Report a problem | ||
| 3/28/2023 | Pending sale | $1,399,000$144/sqft |
Source:  CLAW #23-246411 Report a problem | ||
| 3/14/2023 | Contingent | $1,399,000$144/sqft |
Source: CLAW #23-246411 Report a problem | ||
| 3/2/2023 | Listed for sale | $1,399,000+617.4%$144/sqft |
Source: CLAW #23-246411 Report a problem | ||
| 8/23/1993 | Sold | $195,000$20/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,221 +1.3% | $1,248,480 +2% |
| 2024 | $15,021 +268.4% | $1,224,000 +284.3% |
| 2023 | $4,077 +4.6% | $318,541 +2% |
| 2022 | $3,897 +1.5% | $312,296 +2% |
| 2021 | $3,839 -0.9% | $306,173 +1% |
| 2020 | $3,874 | $303,035 +2% |
| 2019 | $3,874 +6.6% | $297,094 +2% |
| 2018 | $3,635 | $291,270 +2% |
| 2017 | $3,635 +2.1% | $285,559 +2% |
| 2016 | $3,558 +2.8% | $279,961 +1.5% |
| 2015 | $3,463 +0.9% | $275,757 +2% |
| 2014 | $3,433 | $270,356 +2.5% |
| 2012 | -- | $263,859 +2% |
| 2011 | -- | $258,686 +0.8% |
| 2010 | -- | $256,753 -0.2% |
| 2009 | -- | $257,364 +2% |
| 2008 | -- | $252,319 +2% |
| 2007 | -- | $247,373 +2% |
| 2006 | -- | $242,523 |
| 2005 | -- | $242,523 +4% |
| 2004 | -- | $233,106 +1.9% |
| 2003 | -- | $228,835 +26.1% |
| 2002 | -- | $181,400 +16.3% |
| 2000 | -- | $156,000 |
Find assessor info on the county website
Neighborhood: Rampart Village
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Nearby schools
GreatSchools rating
- 6/10Commonwealth Avenue Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Virgil Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Belmont Senior High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$4,669,100
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Estimated market value
$4,669,100
- California
- Los Angeles County
- Los Angeles
- 90026
- Rampart Village
- 242 N Dillon St
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