CA > Santa Monica
Santa Monica, CA 90402,153 W Channel Rd
Santa Monica, CA 90402,153 W Channel Rd
Santa Monica, CA 90402,153 W Channel Rd
74
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$7,495,000
Est. payment /mo
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11 BD
10 BA
2,700 SqFt
Active

153 W Channel Rd Santa Monica, CA 90402

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Carol Enriquez

Carol Enriquez

+1(702) 767-5591

UPDATED:

02/12/2025 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $2,775

MLS Listing ID 25493967

Style Contemporary Mediterranean

Bedrooms 11

Year Built 1960

Lot Size 0.393 Acres

Acres 0.0962

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Pacific Palisades

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Dishwasher, Microwave

Exterior

Parking Features Driveway, Assigned

Building

Story 2

Architectural Style Contemporary Mediterranean

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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Carol Enriquez

Agent | RE.S.0177023

+1(702) 767-5591

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153 W Channel Rd