Santa Monica, CA 90402,153 W Channel RD
Santa Monica, CA 90402,153 W Channel RD
Santa Monica, CA 90402,153 W Channel RD
74
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$7,495,000
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11 Beds
10 Baths
2,700 SqFt
New

153 W Channel RD Santa Monica, CA 90402

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Shari Wolvek

Shari Wolvek

+1(818) 515-8735

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $2,775

MLS Listing ID 26638663

Bedrooms 11

HOA Y/N No

Year Built 1960

Lot Size 0.393 Acres

Property 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 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.

Location

State CA

County Los Angeles

Area C15 - Pacific Palisades

Zoning LAC2

Interior

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Microwave

Exterior

Parking Features Assigned, Driveway

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4410012028

Special Listing Condition Standard

CRMLS – RECore
Listed by James Allan Compass

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Palisades Charter Elementary

    Public | KG - 5

  • 9

    Canyon Charter Elementary

    Public | KG - 5

  • 9

    Kenter Canyon Charter School

    Public | KG - 5

  • 9

    Franklin Elementary School

    Public | PK - 5

  • 8

    Marquez Charter Elementary School

    Public | KG - 5

  • 8

    Roosevelt Elementary School

    Public | KG - 5

  • 8

    Santa Monica Alternative (K-8)

    Public | KG - 8

  • 8

    McKinley Elementary School

    Public | KG - 5

  • 5

    John Muir Elementary School

    Public | PK - 5

  • 4

    Brentwood Science Magnet

    Public | KG - 5

  • 0

    Westside Waldorf School

    Private | PK - 8

  • 0

    Calvary Christian School

    Private | PK - 8

  • 0

    St Matthews Parish School

    Private | PK - 8

  • 0

    Village School

    Private | KG - 6

  • 0

    Seven Arrows Elementary School

    Private | KG - 6

  • 0

    Corpus Christi Elementary School

    Private | KG - 8

  • 0

    Carlthorp School

    Private | KG - 6

  • 0

    St Monica Catholic Elementary School

    Private | KG - 8

  • 0

    Delphi Academy of Santa Monica

    Private | PK - 4

  • 0

    Garden of Angels School

    Private | PK - T1

Middle Schools 2
  • 9

    Lincoln Middle School

    Public | 6 - 8

  • 8

    Paul Revere Charter School

    Public | 6 - 8

High Schools 5
  • 9

    Santa Monica High School

    Public | 9 - 12

  • 8

    Palisades Charter High School

    Public | 9 - 12

  • 0

    St Monica Catholic High School

    Private | 9 - 12

  • 0

    Pacifica Christian High School

    Private | 9 - 12

  • 0

    Olympic High (Continuation)

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Shari Wolvek

Shari Wolvek

Agent | License ID: 02235508

+1(818) 515-8735

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153 W Channel RD