$ 8,000,000
-
$8,000,000
Price -
6
Bed -
7
Bath -
52,871
SqFt
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About the Listing CLW-X82195 - CLW-C138326
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.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
26831741
Year Built
1929
Total Square Footage
52,871
Lot/Acreage
0.3
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 6
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 20
- Zoning: LAR4
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Underground
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5154038006
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
2430 Ocean View Ave Los Angeles, CA 90057
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