153 W Channel Road, Santa Monica, CA 90402
Local realty services provided by:ERA North Orange County 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#: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:420 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
- Coming Soon
$6,150,000Coming Soon5 beds 5 baths2502 7th Street, Santa Monica, CA 90405
MLS# 26661191Listed by: SOTHEBY'S INTERNATIONAL REALTY - Coming Soon
$4,222,222Coming Soon12 beds 6 baths643 Pacific Street, Santa Monica, CA 90405
MLS# 26652363Listed by: REAL BROKER - Coming Soon
$3,275,000Coming Soon3 beds 2 baths1111 Berkeley Street, Santa Monica, CA 90403
MLS# 26666657Listed by: COLDWELL BANKER REALTY - New
$2,135,600Active3 beds 4 baths2,248 sq. ft.1244 14th Street #E, Santa Monica, CA 90404
MLS# 26671853Listed by: THE BEVERLY HILLS ESTATES - New
$2,100,000Active5 beds 4 baths238 Bicknell, Santa Monica, CA 90405
MLS# SR26068002Listed by: EQUITY UNION - Open Tue, 11am to 2pmNew
$1,175,000Active1 beds 1 baths718 sq. ft.1335 Chelsea Avenue, Santa Monica, CA 90404
MLS# 26660483Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$499,000Active1 beds 1 baths714 sq. ft.1629 Franklin, Santa Monica, CA 90404
MLS# SR26067169Listed by: AM-LUCK PROPERTIES - New
$1,999,000Active2 beds 1 baths988 sq. ft.439 Mesa Road, Santa Monica, CA 90402
MLS# 26671389Listed by: GEORGE CHUNG, REALTORS - New
$949,000Active2 beds 2 baths1,014 sq. ft.1101 Lincoln Boulevard #1, Santa Monica, CA 90403
MLS# 26671159Listed by: RODEO REALTY - New
$1,195,000Active1 beds 1 baths906 sq. ft.201 Ocean Avenue #903P, Santa Monica, CA 90402
MLS# 26670873Listed by: COMPASS