157 W Channel Rd

Santa Monica, CA 90402 View Map $7,995,000 Schedule a Tour
Beds4
Baths4
Sq.Ft.2,923
Year1928
Schedule a Tour
Customer Support

Customer Support

(310) 982-2107
 
ASAP
Mon
2
Oct
Tue
3
Oct
Wed
4
Oct
Thu
5
Oct
Fri
6
Oct
Sat
7
Oct
Sun
8
Oct
Choose Your Date -- It's Free, Cancel Anytime
Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:23250961
Sq. Feet:2,923
On Site:201 Days
Lot Size:17,136 Sq. Ft.
County:Los Angeles

Listing Agent/Office

Agent:James Allan
Office:Compass
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.Current zoning C-2Q would allow 30 Units. 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 $160,260/year with 3 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. 1300 sq ft (Owners Home) vacant at close of escrow with projected rent of $90,000 yearly. Additional vacant 4488 sq ft lot being used as a garden. ** Renderings completed for 30 Units and 1 Retail Space with Ocean Views. 14 Two Bedroom Units and 16 One Bedrooms Units, 50 Parking Spaces, Media Room, Fitness Center, and Rooftop Deck with Outside Kitchen in Prime Santa Monica Canyon. //5 units and 1 SFR delivered vacant.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/17/2023$8,490,000$7,995,000-5.8%

Community Information

Address:157 W Channel Rd, Santa Monica, CA 90402
Zip Code:90402

Architecture

Bedrooms: 4
Bathrooms: 4
Year Built:1928
Stories:2
Building Area: 2923.0
Number of Buildings: 3
Total Units: 8
Stories Total: 2
Unit 1: 4 Units • 1 Bed • 1 Bath • Unfurnished • $3,500 actual rent • $3,500 total rent • $3,500 pro forma
Unit 2: 4 Units • 1 Bed • 1 Bath • Unfurnished • $3,500 actual rent • $3,500 total rent • $3,500 pro forma

Features / Amenities

Appliances: Dishwasher, Microwave
Parking Features: Assigned
Heating: Wall Furnace

Property Features

Lot Size: 0.39 Acres / 17,136 Sq. Ft.
Zoning:LAC2
Directions:PCH to West Channel

Tax and Financial Info

Gross Income: $277,731
Net Operating Income: $201,531

Schools

WALKING AND TRANSPORTATION

0
Wait...
Walk Score ®
0
Wait...
Transit Score ®
0
Wait...
Bike Score ®
Please wait while loading...

Schedule a Tour

157 W Channel Rd Santa Monica,  CA 90402
GO SEE THIS LISTING
157 W Channel Rd Santa Monica, CA 90402
 
ASAP
Mon
2
Oct
Tue
3
Oct
Wed
4
Oct
Thu
5
Oct
Fri
6
Oct
Sat
7
Oct
Sun
8
Oct
Choose Your Date -- It's Free, Cancel Anytime
Printable Flyer Get Directions
Based on information from California Regional Multiple Listing Service, Inc. as of October 1, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.