2430 Ocean View Avenue, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
2430 Ocean View Avenue,Los Angeles, CA 90057
$8,000,000
  • - Beds
  • - Baths
  • 52,871 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26831741
Source:CRMLS

Price summary

  • Price:$8,000,000
  • Price per sq. ft.:$151.31

About this home

2430 Ocean View Ave | Chateau Nob Hill Apartments | 52-Unit Multifamily Investment in Westlake, Los Angeles. Originally constructed in 1929 on a ~13,024 SF lot with ~52,871 SF of improvements, this centrally located Los Angeles asset features a well-balanced unit mix consisting of (29) studio units, (17) 1-bed/1-bath units, (3) 2-bed/2-bath units, (2) 3-bed/2-bath units, and (1) bachelor unit. The property offers strong in-place income with approximately $552K in current NOI and a 6.90% in-place cap rate, supported by diversified revenue streams including parking, RUBS, laundry, storage, and other ancillary income. Offered at $8,000,000 ($153,846/unit | ~$151/SF) with a 7.44 current GRM and 6.50 pro forma GRM, the asset presents investors with stable cash flow, approximately 16% rental upside through natural tenant turnover, and an attractive basis for a 52-unit vintage asset in central Los Angeles.

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Home facts

  • Year built:1929
  • Listing ID #:26831741
  • Added:3 day(s) ago
  • Updated:May 17, 2026 at 10:48 AM

Rooms and interior

  • Living area:52,871 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1929
  • Building area:52,871 sq. ft.
  • Lot area:0.3 Acres

Finances and disclosures

  • Price:$8,000,000
  • Price per sq. ft.:$151.31

Parking

  • Total parking spaces:20
  • Parking description:Underground
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