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2430 Ocean View Ave , Los Angeles, CA 90057
$7,300,000
Est. Payment: $36,732.45/mo
6 Bed
7 Bath
52871 Sqft
Status: active | Days on site: 56
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House 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.
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Highlights

Listed by Taylor Avakian , 916-996-4421 Lyon Stahl Investment Real Estate, Inc. , 310-425-9838. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.3

Year Built

1929

County

Los Angeles

Area

C42 - Downtown L.A.

Listing ID

26831741

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:7
  • ▪ Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:20
Zoning:LAR4
Others:2+ Total Units
Parking Features:Underground
Principal Interest
$36,732
Taxes
$4,654

Home Price

$7,300,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$1,460,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$36,732.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $36,732.45 $4,653.75 $0.00 $41,386.20
Yearly $440,789.35 $55,845.00 $0.00 $496,634.35
Total $13,223,680.53 $1,675,350.00 $0.00 $14,899,030.53

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

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Data last updated: 2026-08-08T08:36:43.000Z

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