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.
Property Details
Price:
$8,000,000
MLS #:
26831741
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
May 13, 2026
Finished Sq Ft:
52,871
Total Sq Ft:
52,871
Lot Size:
13,028 sqft / 0.30 acres (approx)
Year Built:
1929
See this Listing
Schools
Interior
Heating
WL
Levels
S
Exterior
Parking Spots
20
Parking Total
20
Financial
Map
Community
- Address2430 Ocean View AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of May 15, 2026
7,179
Single Family Listed
82
Avg DOM
433
Avg $ / SqFt
$1,717,667
Avg List Price
Property Summary
- 2430 Ocean View AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90057. It is listed for $8,000,000 and features 0 beds, 0 baths, and has approximately 52,871 square feet of living space, and was originally constructed in 1929. The current price per square foot is $151. The average price per square foot for Single Family listings in Los Angeles is $433. The average listing price for Single Family in Los Angeles is $1,717,667.
Similar Listings Nearby
Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.2430 Ocean View AV
Los Angeles, CA