157 West Channel Road
157 West Channel Road
$7,995,000
17,136 / 0.39
Listed By Compass
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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
Property Details for 157 West Channel Road
Zoning
LAC2
Parcel Number4410012029
AreaPacific Palisades (C15)
Lot Size Area17136
Source Lot Size AreaAssessor
Assessor Parcel Number4410-012-029
DirectionsPCH to West Channel
Location
LISTING UPDATED: 01/24/2024 12:01 AM
Property Details for 157 West Channel Road
Status | Active |
---|---|
MLS # | 24-345733 |
Days on Market | 103 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.39 AC |
County | Los Angeles County |
Location
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Building Information for 157 West Channel Road
Lot Size0.39 AC
Payment Calculator
$43,771 per month
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Property Information for 157 West Channel Road
Property History for 157 West Channel Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 157 West Channel Road
Taxable ValueLand$70,903Additions$42,389Total$113,292
Tax Record2023$1,674 ($139 / month)
Home Facts
Total Finished SqFt2,923 SqFtAbove Grade Finished SqFt2,923 SqFtLot Size4,355 SqFtStyleQuadraplexYear Built1928ZoningLAC2CountyLOS ANGELESAPN4410-012-029
Schools near 157 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 |
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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.
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