2430 Ocean View Ave, Los Angeles, CA 90057 - Photo 1

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$8,000,000

For Sale
Active
Multi-Family
Updated 12 hours ago

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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 $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.

Full Property Details

Full Property Details for 2430 Ocean View Ave

General

Price: $8,000,000
Status: Active
Type: Multi-Family
Source: CLAW
MLS ID: 26831741
Updated: 5/13/2026
Added to Site: 9 day(s) ago

Additional Information

Other Features: None

Parking

Garage Description: Subterranean

Location

Area: Downtown L.A.
County: Los Angeles
Driving Directions: On the corner of Ocean View Ave and S Carondelet St

Heating & Cooling

Cooling Type: Wall Unit(s)
Heating Type: Wall

Structural Information

# Buildings: 1
Stories/Levels: 0
Square Feet: 52,871
Sq. Ft. Source: Vendor Enhanced
Year Built: 1929
Year Built Source: Vendor Enhanced

Unit Information

Units in Complex: 52
Unit Type: 2106, 2107, 2108, 2109, 2110

Unit 1

Total Bathrooms: 1

Unit 2

Total Bathrooms: 1

Unit 3

Total Bathrooms: 1
Bedrooms: 1

Unit 4

Total Bathrooms: 2
Bedrooms: 2

Unit 5

Total Bathrooms: 2
Bedrooms: 3

Additional Structures

Other Structures: None

Lot Features

Lot Size (Acres): 0.2991
Lot Size: 13028
Lot Size Source: Vendor Enhanced
Zoning: LAR4

Financial Considerations

Price Per Sq. Ft.: $151.31
Assessment Year: 1929

Disclosures and Reports

Disclosures/Reports: None
APN: 5154-038-006

Listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian

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Listing agent

— 2430 Ocean View Ave —

Taylor Avakian

Lyon Stahl Investment Real Estate, Inc.

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Schools

Schools serving 2430 Ocean View Ave

School District:Los Angeles Unified School District

Name	Grades	Distance
Charles White Elementary School 2401 Wilshire Boulevard, Los Angeles, CA 90057	1-5	0.2 mi
Lafayette Park Primary Center 310 La Fayette Park Place, Los Angeles, CA 90057	K-	0.3 mi
John H. Liechty Middle School 650 South Union Avenue, Los Angeles, CA 90017	7-8	0.8 mi
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026	9-12	0.8 mi
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1 mi
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1 mi
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1 mi
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1 mi
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026	9-12	1.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2430 Ocean View Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/05/2026

Listed

$8,000,000

-36.51%

MLS

7/10/2017

Sold

$12,600,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 2430 Ocean View Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$174,027

$14,318,441

2023

$170,827

$13,803,790

2022

$162,950

$13,533,939

2021

$160,749

-1%

$13,269,379

2020

$162,377

$13,133,743

2019

$155,971

44%

$12,835,680

48%

2018

$108,316

$8,654,605

2017

$105,974

$8,484,908

2016

$103,098

$8,318,539

2015

$101,623

-1%

$8,193,588

2014

$102,244

—

$8,033,088

—

2013

$102,243

—

$7,996,783

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 2430 Ocean View Ave

2430 Ocean View Ave, Los Angeles, CA 90057 (MLS# 26831741) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 2430 Ocean View Ave is currently listed for $8,000,000 and was received on May 05, 2026. Want to learn more about 2430 Ocean View Ave? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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2430 Ocean View Ave Los Angeles, CA 90057