153 W Channel Road, Santa Monica, CA 90402
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
153 W Channel Road,Santa Monica, CA 90402
$7,495,000
- 11 Beds
- 10 Baths
- 2,700 sq. ft.
- Multi-family
- Active
Listed by: james allan
Office: compass
MLS#:25493967
Source:CRMLS
Price summary
- Price:$7,495,000
- Price per sq. ft.:$2,775.93
About this home
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.
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Home facts
- Year built:1960
- Listing ID #:25493967
- Added:300 day(s) ago
- Updated:December 02, 2025 at 02:15 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:10
- Living area:2,700 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1960
- Building area:2,700 sq. ft.
- Lot area:0.39 Acres
Finances and disclosures
- Price:$7,495,000
- Price per sq. ft.:$2,775.93
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