153 West Channel Road

Santa Monica, CA 90402

$7,995,000
Price
11
Beds
10
Baths
2,700 Sq. Ft.
$2,961 / Sq. Ft.
2,700
Sq. Ft.
$2,961
per Sq. Ft.

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 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...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.

Listing Agent

  1. James Allan

    James Allan

    Listing Agent

    Compass

    DRE #01180635

Property Details for 153 West Channel Road

Zoning
LAC2
Style
Contemporary Mediterranean
Parcel Number
4410012028
Total Units
9.0
Living Area
2700
Source Living Area
Vendor Enhanced
Area
Pacific Palisades (C15)
Vacancy Rate
0

Location

Listing Courtesy of Compass, James Allan, DRE #01180635
Add your commute
LISTING UPDATED: 01/24/2024 12:01 AM

Property Details for 153 West Channel Road

StatusActive
MLS #24-345583
Days on Market103
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.39 AC / 17,136 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, James Allan, DRE #01180635
Add your commute

Building Information for 153 West Channel Road

Stories2Residences-Year Built1960Building Size-Lot Size0.39 AC / 17,136 SF

Payment Calculator

$43,807 per month

30 year fixed, 7.25% Interest

Principal and Interest

$43,632

Property Taxes

$175

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 153 West Channel Road

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: 9
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $371,280
  • Net Operating Income: $252,143.00
  • Gross Income: $371,280
  • Cap Rate: 3.15%
  • Gross Rent Multiplier: $21.50
  • Total Annual Expense: 119137
  • Other Expense: $19,200.00
  • Tax Expense: $99,937
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0962
  • Lot Size Square Feet: 17136
Parking Details
Parking Details
  • Parking Garage: Driveway, Assigned
  • Total Parking: 0
  • Parking Features: Driveway, Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Microwave
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,340.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,068.00
  • Unit Actual Rent: $1,988.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,390.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $2,355.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 8
Unit 9 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $8,000.00
  • Unit Actual Rent: $8,000.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $70,667.00
  • Assessed Improvement Percent: 49.92
  • Assessed Land Value: $70,903.00
  • Assessed Land Percent: 50.08
  • Assessed Total Value: $141,570.00

Property History for 153 West Channel Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 153 West Channel Road

Taxable ValueLand$70,903Additions$71,107Total$142,010
Tax Record2023$2,098 ($175 / month)
Home Facts
Total Finished SqFt2,700 SqFtAbove Grade Finished SqFt2,700 SqFtLot Size4,190 SqFtStyleQuadraplexYear Built1960ZoningLAC2CountyLOS ANGELESAPN4410-012-028

Schools near 153 West Channel Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Canyon Elementary School
CharterK to 5

Paul Revere Middle School
Charter6 to 8

Palisades Charter High School
Charter9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

153 West Channel Road is a multi-family home for sale in Santa Monica, CA 90402. This property was listed for sale on January 16, 2024 by Compass, it's currently listed at $7,995,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Canyon Elementary School, Paul Revere Middle School and Palisades Charter High School. 153 West Channel Road is a 11-bed, 10-bath, 2,700 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, James Allan, DRE #01180635

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.