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Home For Sale
153 W Channel Rd
Santa Monica, California 90402
Los Angeles CountyCommunity:
$7,995,000
11 br, 0.0 bath
2700 sq. ft.
0.096 acres
Rare development opportunity located in the Santa Monica Canyon located 1/5 Block from the Beach. Property is situated between W Channel Rd and backs onto Chautauqua Blvd.17,136 sq ft total lot size comprised of 4 separate parcels currently with 2x 4 unit buildings, Single Family house and vacant lot. All parcels are to be sold concurrently together. Santa Monica mailing address but LA City real for Building codes. Potential to build 30-59 Units .Current zoning C-2Q would allow 30 Units and R-4 density bonus could allow up to 59 units if parking limits are met. 153 W Channel Rd is a 4 unit Ocean View apartment building with 2 units delivered vacant at close with a current gross Income of $134,864 year with 2 units vacant at close of escrow.157 W Channel Rd is a 2 story 1928 4 unit Building with Canyon and Ocean Views with current gross income of $142,867 with 2 units being delivered vacant at close. (Market rent for vacant units being used for current Income) Total Income of $277,731 for the 8 Units. The 3 Bd 2 Ba Single Family w/ some Ocean View, home approx. 1500 sq ft (Owners Home) vacant at close of escrow with projected rent of $96,00 yearly with a total of $373,000 Gross income at a 3.1 cap with Additional vacant 4488 sq ft lot being used as a garden. Potential market rent at $444,000 at 4 cap. Preliminary Development feasibility for the property has been conducted and renderings provided by Ketter Construction and development firm at 30 Units with 1 Commercial space and a Gym which could later be converted to ADU.
Interior:
- Bedrooms: 11
- Baths: 0.0
- Sq Ft: 2700
- Year Built: 1960
- Utilities:
- Fireplaces:
- Stories: 2.0
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.096 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof: Unknown
- MLS #: 24-345583
Ad Number: 4521843
Viewed 35 times.
Updated: Jan 18, 2024
This property is a Home located at 153 W Channel Rd, Santa Monica, California 90402, and is currently For Sale at $7,995,000. This Home has 11 bedrooms, 0.0 baths, 2700 sq ft.
Listing Agent: James Allan, Compass, 310-437-7500, 310-437-7500
Listing Site, Listing Status: Active
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