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$8,000,000

For Sale

5 hours ago

2430 Ocean View Ave, Los Angeles, CA

House

MLS® 26831741

0 Bed

0 Bath

52871 sqft

20 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 52871 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1929
Avg. Price Per Sqft $151
MLS® Number 26831741

Property Address: 2430 Ocean View Avenue, Los Angeles, CA, 90057

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number26831741
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1929
Basement
DrivewayUnderground
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 14, 2026List Date
$8,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
2430 Ocean View Ave, Los Angeles, CA

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