153 W Channel Rd Santa Monica, CA 90402
Estimated payment $41,213/month
Total Views
7,860
11
Beds
10
Baths
2,700
Sq Ft
$2,776
Price per Sq Ft
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 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
Home Type
- Multi-Family
Est. Annual Taxes
- $2,129
Year Built
- Built in 1960
Home Design
- Contemporary Architecture
- Split Level Home
Interior Spaces
- 2,700 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 11 Bedrooms
- 10 Bathrooms
Parking
- Driveway
- Assigned Parking
Additional Features
- 17,136 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 3 Buildings
- 9 Units
Listing and Financial Details
- Assessor Parcel Number 4410-012-028
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,129 | $147,288 | $73,767 | $73,521 |
| 2024 | $2,129 | $144,401 | $72,321 | $72,080 |
| 2023 | $2,098 | $141,570 | $70,903 | $70,667 |
| 2022 | $2,015 | $138,795 | $69,513 | $69,282 |
| 2021 | $1,973 | $136,074 | $68,150 | $67,924 |
| 2019 | $1,922 | $132,480 | $66,130 | $66,350 |
| 2018 | $1,842 | $129,892 | $64,834 | $65,058 |
| 2016 | $1,736 | $124,426 | $62,317 | $62,109 |
| 2015 | $1,714 | $122,558 | $61,381 | $61,177 |
| 2014 | $1,749 | $120,158 | $60,179 | $59,979 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | For Sale | $7,495,000 | -- | $2,776 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $68,296 | New Conventional |
Source: Public Records
Similar Home in Santa Monica, CA
Source: The MLS
MLS Number: 25493967
APN: 4410-012-028
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