#24389477, Jonathan Taksa, Listing Office: Remax Commercial and Investment Realty
153 W Channel Rd Santa Monica, CA 90402
$7,495,000 List price
11 beds
10 baths
2,700 sqft
0.4 acres
$2,776 / sqft
House
Property details
About 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.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size2,700 sqft
Lot size0.3934 Acres
Year built1960
ParkingAssigned, Driveway
MLS #25493967
Summary
- MLS Number: 25493967
- MLS Name: CRMLS
- Office Name: Compass
- Office Phone: (310) 437-7500
- Listing Agent: James Allan
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $144,841 | $2,128 |
| 2023 | $142,010 | $2,097 |
| 2022 | $139,235 | $2,015 |
| 2021 | $136,514 | $1,973 |
| 2020 | $134,680 | $1,921 |
| 2019 | $132,040 | $1,841 |
| 2018 | $129,452 | $1,808 |
| 2017 | $126,914 | $1,808 |
History based on county public records data.
Nearby schools
8
Canyon Charter Elementary
Public Charter KG-5
0.4 mi
•421 Entrada Dr
7
Roosevelt Elementary School
Public District KG-5
1.0 mi
•801 Montana Ave
8
Palisades Charter Elementary
Public Charter KG-5
1.2 mi
•800 Via De La Paz
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $146,154. Residents of Santa Monica, CA typically earn $200k+ each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
7%
<35k
26%
35k-100k
28%
100k-200k
39%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
35%
Single, No Kids
6%
Single, with Kids
35%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
8%
12-17 yrs old
10%
18-34 yrs old
47%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Skiing/snowboarding- Tennis
Where do the neighbors shop?
Bloomingdales
Nordstrom
Brooks Brothers
Where do the neighbors go to eat?
Bonefish Grill
California Pizza Kitchen
Qdoba
What do the neighbors drive?
Lexus
BMW
Acura
What do the neighbors listen to?
News
Talk/Personality
Sports
All data provided by Home Junction and Claritas
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Frequently asked questions
About 153 W Channel Rd
This home is located at 153 W Channel Rd in Santa Monica, CA and zip code 90402 in the Pacific Palisades neighborhood. This 2,700 square foot home, which was built in 1960, sits on a 0.39 acre lot. Features: 11 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $7,495,000.
Over 13 listings were sold over their listed price in January 2025 in Santa Monica, CA. In the same period over 22 listings were sold below the listed price and 6 listings were sold for the listed price. The number of homes for sale in Santa Monica, CA increased by 43% between December and January 2025. In January 2025 median list price was $1,816,750 and the average listing age was 55 days.
From Rocket Homes Real Estate and based on county public records data.