2430 Ocean View Avenue, Los Angeles, CA — listing photo 1
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FOR SALE

2430 Ocean View Avenue

Los Angeles, CA 90057
52,871 Sq Ft
Built 1929
$7,300,000
Price ReducedWas $8,000,000 — $7,300,000 (-$700,000)

Property Overview

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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Home Details

Property type
Residential Income
Year built
1929
Living area
52,871 sq ft
Lot size
13,028 sq ft
Parking
20 spaces
Days on market
56
MLS status
Active
Zoning
LAR4

Features & Amenities

Parking

  • Underground

Community, Schools & Utilities

Utilities

Heating
WallFurnace
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Location & Neighborhood

2430 Ocean View Avenue

Los Angeles, CA 90057

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Frequently Asked Questions About 2430 Ocean View Avenue

Property type: Residential Income

The current asking price is $7,300,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2430 Ocean View Avenue. Our team will confirm availability and timing.
This property offers approximately 52,871 square feet of living space. It was built in 1929. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 56 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Taylor Avakian
MLS ID: CLW-C138326

Available property

$7,300,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.