153 W Channel Road

Santa Monica, CA 90402

  • 11 Bed(s)
  • 0 Bath(s)
  • 2,700 Sqft
  • 17136
    Sqft(Lot)
$7,495,000

Description

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 two 4 unit buildings, 1 single family house and 1 vacant lot. all parcels are to be sold concurrently together. santa monica mailing address but la city 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 a current gross income of $139,016 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 $143,532 with 3 units being delivered vacant at close. (market rent for vacant units being used for current income) 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 $378,548 gross income at a 3.46 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48511172

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Property Details

  • Bedroom Information

    • Total Bedrooms : 11

    Bathroom Information

    • Total Baths: 10
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Microwave

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1960
    • Building Area Total: 2,700

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3934
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 17136

  • Listing Price Information

    • Original List Price: 7,495,000
    • Listing Contract Date: 2025-02-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4410012028

  • Garage and Parking

    • Garage Description: Assigned,Driveway

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C15 - Pacific Palisades
    • Postal Code Plus 4: 1149
    • Directions: East of PCH
    • Zoning: LAC2
    • Source Property Type: Residential Income
    • Area: C15 - Pacific Palisades

    Building and Construction

    • Property Age: 65
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 2700
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 02/22/2025 @ 07:24

  • MLS: 25493967
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 11 bedrooms which is for sale, it has 2,700 sqft, 17,136 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Monica , in zip code 90402, this Los Angeles County Home are nearby neighborhoods.