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2430 Ocean View Avenue

Los Angeles, CA 90057
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Bed 0

Bed

Bath 0

Bath

SqFt52,871

Sqft

SqFt13,028

Sqft(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 upside through natural tenant turnover, and an attractive basis for a 52-unit vintage asset in central Los Angeles.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $7,300,000

AD Id : 86615714

MLS Id : 26831741

Lot Size : 13,028 Sq. Ft

Living Area Size : 52,871 Sq. Ft

Year Built : 1929

County : Los Angeles

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace

  • Building Information

    Year Built: 1929
    Building Area Total: 52871
    Private Pool: No

  • Lot Information

    Main Square Feet: 13028 Lot Size Acres: 0.2991 Lot Size Square Feet: 13,028

  • Listing Price Information

    Listing Price: $7300000
    Original Price: $8000000

  • Tax Information

    Parcel Number: 5154038006

  • Location Information

    Direction: On the corner of Ocean View Ave and S Carondelet St
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
161 S Burlington Avenue, Los Angeles, CA, 90057 $4,050,000 18 14 6,874 8,286 Sq. Ft
1911 W 2nd Street, Los Angeles, CA, 90057 $4,398,000 19 30 14,134 11,884 Sq. Ft
136 S Westlake Avenue, Los Angeles, CA, 90057 $1,850,000 -- -- 10,040 9,316 Sq. Ft
151 S Mountainview Avenue, Los Angeles, CA, 90057 $2,395,000 10 -- 6,536 6,388 Sq. Ft
446 S Bonnie Brae Street, Los Angeles, CA, 90057 $1,400,000 8 4 4,835 7,873 Sq. Ft
201 S Park View Street, Los Angeles, CA, 90057 $1,797,966 13 8 5,128 7,509 Sq. Ft
120 S Coronado Street, Los Angeles, CA, 90057 $2,150,000 12 16 10,522 17,303 Sq. Ft
107 S Rampart Boulevard, Los Angeles, CA, 90057 $850,000 5 2 2,248 5,032 Sq. Ft
2731 Beverly Boulevard, Los Angeles, CA, 90057 $8,895,000 66 -- 24,795 6,829 Sq. Ft
694 S Burlington Avenue, Los Angeles, CA, 90057 $3,900,000 -- -- 30,319 22,530 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/18/2026 @ 05:48

MLS: 26831741 LISTED BY: Taylor Avakian, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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