153 W Channel Road, Santa Monica, CA 90402
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
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#:26638663
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 3 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 $158,532 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 $393,548 Gross income at a 3.65 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....
Contact an agent
Home facts
- Year built:1960
- Listing ID #:26638663
- Added:416 day(s) ago
- Updated:March 28, 2026 at 01:23 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:10
- Kitchen Description:Dishwasher, Microwave
- 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
- Levels:Multi Split
Finances and disclosures
- Price:$7,495,000
- Price per sq. ft.:$2,775.93
Features and amenities
- Appliances:Dishwasher, Microwave
Parking
- Parking description:Assigned, Driveway
New listings near 153 W Channel Road
- New
$1,599,000Active2 beds 3 baths1,568 sq. ft.806 Washington Avenue, Santa Monica, CA 90403
MLS# 26651183Listed by: THE CONDO EXPERTS - Open Sun, 2 to 5pmNew
$3,475,000Active3 beds 5 baths2,739 sq. ft.41 Vicente Terrace, Santa Monica, CA 90401
MLS# 26670407Listed by: CREATE - New
$2,995,000Active4 beds 2 baths1,480 sq. ft.2704 3rd Street, Santa Monica, CA 90405
MLS# 26669881Listed by: COMPASS - New
$2,695,000Active3 beds 3 baths1,554 sq. ft.201 Ocean Avenue #904P, Santa Monica, CA 90402
MLS# 26670273Listed by: COMPASS - New
$849,000Active2 beds 1 baths899 sq. ft.2510 4th Street #A, Santa Monica, CA 90405
MLS# 26668829Listed by: THE CONDO EXPERTS - New
$799,000Active2 beds 2 baths857 sq. ft.2921 10th Street #3, Santa Monica, CA 90405
MLS# 26668887Listed by: THE CONDO EXPERTS - Open Tue, 11am to 2pmNew
$8,595,000Active6 beds 5 baths5,166 sq. ft.576 E Channel Road, Santa Monica, CA 90402
MLS# 26669765Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - Open Sun, 1 to 4pmNew
$879,000Active2 beds 2 baths879 sq. ft.1528 Yale Street #3, Santa Monica, CA 90404
MLS# 226001380Listed by: BEVERLY AND COMPANY INC. - Open Sat, 8 to 11pmNew
$879,000Active2 beds 2 baths879 sq. ft.1528 Yale, Santa Monica, CA 90404
MLS# 226001380Listed by: BEVERLY AND COMPANY INC. - New
$1,695,000Active2 beds 2 baths1,250 sq. ft.1755 Ocean Avenue #203, Santa Monica, CA 91401
MLS# 26668703Listed by: SOTHEBY'S INTERNATIONAL REALTY