2430 Ocean View Avenue, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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:1 day(s) ago
  • Updated:May 14, 2026 at 02:36 AM

Rooms and interior

  • Living area:52,871 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

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

Finances and disclosures

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

Parking

  • Total parking spaces:20
  • Parking description:Underground
Based on information from California Regional Multiple Listing Service, Inc. as of May 14, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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