2430 Ocean View Avenue, Los Angeles, CA 90057
2430 Ocean View Avenue, Los Angeles, CA 90057
2430 Ocean View Avenue, Los Angeles, CA 90057
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$7,300,000
Est. payment /mo
52,871 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 52,871 sqft

Price per Sqft $138

MLS Listing ID CL26831741

HOA Y/N No

Year Built 1929

Lot Size 0.299 Acres

Acres 0.2991

Property Sub-Type Other

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 $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.

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 5154038006

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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2430 Ocean View Avenue