2430 Ocean View Avenue
Los Angeles, CA 90057
0
Bed
0
Bath
52,871Sqft
13,028Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: Wall Furnace
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Building Information
Year Built: 1929Building Area Total: 52871Private Pool: No
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Lot Information
Main Square Feet: 13028 Lot Size Acres: 0.2991 Lot Size Square Feet: 13,028
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Listing Price Information
Listing Price: $7300000Original Price: $8000000
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Tax Information
Parcel Number: 5154038006
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Virtual Tour
Parking Information
Parking Total: 20 Underground
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Location Information
Direction: On the corner of Ocean View Ave and S Carondelet St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 161 S Burlington Avenue, Los Angeles, CA, 90057 | $4,200,000 | 18 | -- | 6,874 | 6,874 SqFt |
| 136 S Westlake Avenue, Los Angeles, CA, 90057 | $1,850,000 | -- | -- | 10,040 | 10,040 SqFt |
| 127 S Westlake Avenue, Los Angeles, CA, 90057 | $895,000 | 4 | 2 | 2,270 | 2,270 SqFt |
| 229 S Westlake Avenue, Los Angeles, CA, 90057 | $1,750,000 | -- | 12 | 6,150 | 6,150 SqFt |
| 151 S Mountainview Avenue, Los Angeles, CA, 90057 | $2,395,000 | 10 | -- | 6,536 | 6,536 SqFt |
| 446 S Bonnie Brae Street, Los Angeles, CA, 90057 | $1,400,000 | 8 | 4 | 4,835 | 4,835 SqFt |
| 502 S Westlake Avenue, Los Angeles, CA, 90057 | $2,800,000 | 2 | -- | 13,539 | 13,539 SqFt |
| 107 S Rampart Boulevard, Los Angeles, CA, 90057 | $988,888 | 5 | 2 | 2,248 | 2,248 SqFt |
| 2731 Beverly Boulevard, Los Angeles, CA, 90057 | $8,895,000 | 66 | -- | 24,795 | 24,795 SqFt |
| 694 S Burlington Avenue, Los Angeles, CA, 90057 | $3,900,000 | -- | -- | 30,319 | 30,319 SqFt |
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ByOwner last updated this listing 07/29/2026 @ 17:45
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