2430 Ocean View Ave, Los Angeles, CA 90057
2430 Ocean View Ave, Los Angeles, CA 90057
2430 Ocean View Ave, Los Angeles, CA 90057
2430 Ocean View Ave, Los Angeles, CA 90057
2430 Ocean View Ave, Los Angeles, CA 90057
2430 Ocean View Ave, Los Angeles, CA 90057
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Joe Cloninger

Joe Cloninger

+1(323) 386-4663
$ 8,000,000
Est. payment | /mo

52,871 SqFt

Save
$ 8,000,000
Est. payment | /mo
Save

52,871 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 52,871 sqft

Price per Sqft $151

MLS Listing ID 26831741

Year Built 1929

Lot Size 0.299 Acres

Acres 0.2991

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Elevator

Exterior

Parking Features Subterranean

Garage Spaces 20.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Lyon Stahl Investment Real Estate, Inc.

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2430 Ocean View Ave