242 N Dillon St - Apartments FOR SALE


Los Angeles, CA 90026- Rampart Village
$4,995,000 USD
818-859-7242
242 N Dillon St, Los Angeles, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/43
null | 5.68% Cap Rate

242 N Dillon St
Los Angeles, CA 90026
Rampart Village


HIGHLIGHTS

  • NO RENT CONTROL!
  • Located 3 minutes from the heart of ultra trendy and highly sought after Silver Lake - a major draw for A+ tenants!
  • Outstanding projected cap rate of 5.68%! Cash cow.
  • MASSIVE units with premium floorplans.
  • Diverse unit mix of one 5 bedrooms, and four 4 bedrooms! High income producing property!
  • All units separately metered for electric AND water (no gas on property)! Very low expenses!

OVERVIEW

The 5+ Unit Specialists are pleased to present 242 N Dillon, a brand-new, NON-RENT-CONTROLLED 2025 five-unit luxury community located just minutes 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.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$514 USD /SF

# OF UNITS

5

PRICE/UNIT

$999,000

CAP RATE

5.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Const. 5-Unit in Prime Silver Lake Adj.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

9

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAR1.5

APN/PARCEL ID

5156-009-007

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.