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153 W Channel Rd, 
Santa Monica, CA 90402

$7,495,000

11

Beds


10

Baths


2,700

Sq Ft


Multi-Family

Active

Listed by

James Allan

Compass

310-437-7500

Last updated:

February 18, 2025, 03:11 PM

MLS#

25493967

Source:

CA CLAW

Street View
About This Home
153 W Channel Rd

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.

Home Facts

Multi-Family

10 Baths

11 Bedrooms

Built in 1960

Price Summary

7,495,000

$2,775 per Sq. Ft.

MLS #:

25493967

Last Updated:

February 18, 2025, 03:11 PM

Added:

15 day(s) ago


Rooms & Interior
Bedrooms

Total Bedrooms:

11

Bathrooms

Total Bathrooms:

10

Interior

Living Area:

2,700 Sq. Ft.


Structure
Structure

Architectural Style:

Contemporary Mediterranean

Year Built:

1960


Lot

Lot Size (Sq. Ft):

17,136


Finances & Disclosures
Finances

Price:

$7,495,000

Price per Sq. Ft:

$2,775 per Sq. Ft.

Source:CA CLAW
The information being provided by The MLS/Claw is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 The MLS/Claw All rights reserved.
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