153 W Channel Road
Santa Monica, CA, 90402
$7,495,000
Beds
0 Baths
SqFt
0.39 Acres
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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.

Property Details

Price:
$7,495,000
MLS #:
25493967
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
c15pacificpalisades
Listed Date:
Feb 4, 2025
Lot Size:
17,136 sqft / 0.39 acres (approx)
Year Built:
1960
C15pacificpalisades

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Interior

Appliances
Dishwasher, Microwave
Heating
Wall Furnace

Exterior

Parking Features
Driveway, Assigned
Parking Spots
0.00

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Community

Market Summary

Current real estate data for Residential Income in Santa Monica as of Oct 19, 2025
54
Residential Income Listed
189
Avg DOM
$3,759,477
Avg List Price

Property Summary

    153 W Channel Road Santa Monica CA is a Residential Income for sale in Santa Monica, CA, 90402. It is listed for $7,495,000

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