342 N Dillon

A Rare 3-Unit Investment Opportunity in the Silver Lake/Historic Filipinotown area, not subject to LA City rent control (RSO). This is a rare chance to own a single-family home, a spacious detached duplex, and extra land for future development, all on one property. It covers the whole block, includes two corner lots, and has views of the Griffith Observatory and the Hollywood Sign. Whether you plan to live in one unit and rent the others, hold it as a cash-flowing investment, or build on the extra land, there’s a lot you can do here. The Single-Family Home main house has 3 large bedrooms, 2 full bathrooms plus a separated large recreation room with separate entrance and its own 3/4 bathroom. The open-concept living and dining area flows into a newly renovated kitchen with quartz countertops and newer appliances. From the living room, step out to a large covered balcony next to a patio with a firepit, made for entertaining. The primary suite has a walk-in closet, an updated bathroom, a private balcony, and a spacious multi-level patio that works as a quiet retreat or a BBQ spot. Two good-sized secondary bedrooms share a full bathroom. A 2-car garage with shelving gives you plenty of storage. For the duplex, Each unit has 2 large bedrooms, 1 bathroom, and 2 garage parking spaces. One unit was recently updated with new luxury vinyl flooring. Opportunities like this in one of LA’s most in-demand areas don’t come along often. Schedule your private showing today.