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  • 2430 Ocean View Avenue

2430 Ocean View Avenue, Los Angeles, CA 90057

$7,300,000 Approx. USD 0 beds, 0 baths
52,871 sqft

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Photo of Joe Stubbins

Joe Stubbins REALTOR® - Sales Associate 805-729-0778 m
805-729-0778 o
Lic#: 01002182
NRDS ID: 199500010
jstubbins7@gmail.com Text Me
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Lic#: 01002182
NRDS ID: 199500010
jstubbins7@gmail.com Montecito Office
1170 Coast Village Rd
Montecito, CA 93108
Phone: 805-969-5026
Fax: 805-969-4982
 Montecito 1170 Coast Village Rd
Montecito, CA 93108
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Fax: 805-969-4982
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Listing Agent


Taylor Avakian | taylor@lyonstahl.com
Lic#: 02060040
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 916-996-4421

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26831741
List price is $7,300,000 Reduced by $450,000 on 6/27/2026
Price: $7,300,000
Beds: 0
Baths: 0
Built in 1929
52,871 sqft
0.30 acres
Lot size: 0.2991
County: Los Angeles
Zoning: LAR4
Parking description: Underground
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 6/30/2026

 Days On Market (DOM): 73

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.062458, -118.278006.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Joe Stubbins

Joe Stubbins REALTOR® - Sales Associate 805-729-0778 m
805-729-0778 o
Lic#: 01002182
NRDS ID: 199500010
jstubbins7@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01002182
NRDS ID: 199500010
jstubbins7@gmail.com
Montecito Office
1170 Coast Village Rd
Montecito, CA 93108
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