2430 Ocean View Ave, Los Angeles, CA, 90057
About This Home
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.
Getting Around
Walker's Paradise
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1929
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Features
- Elevator
Heating & Cooling
- Heating features: Wall
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 52,871
- Total interior livable area: 52,871 sqft
Property
Details
- Parcel number: 5154038006
- Zoning: LAR4
- Special condition: Standard
Features
- Levels: Multi/Split
Lot
- Lot size: 0.30 Acres
Parking
- Total spaces: 20
- Parking features: Subterranean
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $36,912 | $442,944 |
| Home Insurance * | $1,051 | $12,612 |
| Property Taxes | $4,075 | $48,900 |
| Electricity | $11,337 | $136,049 |
| Total | $53,375 | $640,500 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-27 | Price change | $7,300,000 |
| 2026-05-28 | Price change | $7,750,000 |
| 2026-05-14 | Listed for sale | $8,000,000 |
| 2013-08-02 | Listing removed | $895 |
| 2013-04-10 | Listed for rent | $895 |
For Sale by Agent
View on Zillow