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153 W Channel Road

Santa Monica, CA 90402
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Bed 11

Bed

Bath 0

Bath

SqFt2,700

Sqft

SqFt17,136

Sqft(Lot)

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 curr ent 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $7,495,000

AD Id : 74298501

MLS Id : 26638663

Beds : 11

Lot Size : 17,136 Sqft

Living Area Size : 2,700

Year Built : 1960

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 11

    Bathroom Information

    Total Baths: 10 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Dishwasher,Microwave
  • Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1960 Building Area Total: 2,700

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3934
  • Lot Size Source: Assessor Lot Size Square Feet: 17136

  • Listing Price Information

    Original List Price: 7,495,000 Listing Contract Date: 2026-01-16
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4410012028

  • Garage and Parking

    Garage Description: Assigned,Driveway

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C15 - Pacific Palisades Postal Code Plus 4: 1149 Directions: East of PCH Zoning: LAC2 Source Property Type: Residential Income Area: C15 - Pacific Palisades
  • Building and Construction

    Property Age: 66 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 2700 Property Attached: Yes Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2515 Marguerita Avenue, Santa Monica, CA, 90402 $7,900,000 4 4 3,238 3,238 SqFt
622 24th Street, Santa Monica, CA, 90402 $11,895,000 6 7 8,350 8,350 SqFt
615 23rd Street, Santa Monica, CA, 90402 $10,995,000 7 6 7,452 7,452 SqFt
624 23rd Street, Santa Monica, CA, 90402 $12,495,000 5 4 4,260 4,260 SqFt
423 22nd Street, Santa Monica, CA, 90402 $7,750,000 6 4 4,375 4,375 SqFt
416 21st Place, Santa Monica, CA, 90402 $13,995,000 6 7 6,370 6,370 SqFt
439 21st Street, Santa Monica, CA, 90402 $19,995,000 7 7 8,400 8,400 SqFt
415 21st Street, Santa Monica, CA, 90402 $5,995,000 5 6 4,750 4,750 SqFt
328 21st Place, Santa Monica, CA, 90402 $15,995,000 8 1 7,497 7,497 SqFt
628 18th Street, Santa Monica, CA, 90402 $7,900,000 4 3 3,994 3,994 SqFt

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ByOwner last updated this listing 06/15/2026 @ 08:19

MLS: 26638663 LISTED BY: James Allan, Compass 310-437-7500 SOURCE: CRMLS

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