$7,300,000
 $39,188 est/mo Sourced by Back At You

2430 Ocean View Avenue,Los Angeles, CA 90057

Los Angeles, CA 90057

Share:

PreviousNext

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 $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.

Details

MLS #26831741
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1929
Days On Site103
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Taylor Avakian

Features

SQ Feet52,871
Units52
Building(s)1
ZoningLAR4
Acreage0.30

Interior

HeatingWall Furnace
Heating Yes / NoYes

Parking

Parking FeaturesUnderground

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$7,300,000
low | high
Med:
$1,890,000
100% of Average
sqft:
52,871
low | high
Med:
3,537
100% of Average
$ / sqft:
$138
low | high
Med:
$534
100% of Average
On site:
103
low | high
Med:
88
100% of Average
Sourced by Back At You

Market Activity 90057

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$7,300,000
low | high
Med:
$1,890,000
100% of Average
sqft:
52,871
low | high
Med:
3,537
100% of Average
$ / sqft:
$138
low | high
Med:
$534
100% of Average
On site:
103
low | high
Med:
88
100% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 11:20:03 PM PDT