2430 Ocean View Avenue, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
2430 Ocean View Avenue,Los Angeles, CA 90057
$7,300,000
  • - 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:$7,300,000
  • Price per sq. ft.:$138.07

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 $561,103 in current NOI and a 7.69% in-place cap rate, supported by diversified revenue streams including parking, RUBS, laundry, storage, and other ancillary income. Offered at $7,300,000 ($140,385/unit | ~$138/SF) with a 6.79 current GRM and 5.93 pro forma GRM, the asset presents investors with stable cash flow, approximately 13% 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:91 day(s) ago
  • Updated:August 13, 2026 at 11:08 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:$7,300,000
  • Price per sq. ft.:$138.07

Parking

  • Total parking spaces:20
  • Parking description:Underground
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