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 2x 4 unit buildings, Single Family house and vacant lot. All parcels are to be sold concurrently together. Santa Monica mailing address but LA City real 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 2 units delivered vacant at close with a current gross Income of $134,864 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 $142,867 with 2 units being delivered vacant at close. (Market rent for vacant units being used for current Income) Total Income of $277,731 for the 8 Units. 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 $373,000 Gross income at a 3.1 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
Property Features
Property Information:
Year Built: 1960
Stories: 2
Living Area: 2,700 SqFt
Listing Office:
Office Name: Compass
Office Phone: (310) 437-7500
Listing Agent: James Allan
Interior Features
Interior Information:
Appliances: Dishwasher, Microwave
Bedroom and Bathroom Information:
Total Bedroom Count: 11
Exterior Features
Parking Information:
Parking: Assigned, Driveway
Lot Features
Lot Information:
Lot Size: 0.39 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Paul Revere Middle School, Public Charter Grades 6-8
Studio, Public District Grades 6-8
Canyon Elementary School, Public Charter Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: East of PCH
Price Information
Listing Price Info
Price Summary:
List Price: $7,995,000
Price Per SqFt: $2,961/SqFt
Tax Information:
Annual Amount: $1,973
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $6.2M more than the Median Sold Price and $1.8K/SqFt more than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24345583
Listing Office:
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: 5/2/2024, 12:15:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,973
$136,514
2020
$1,921
$134,680
2019
$1,841
$132,040
2018
$1,808
$129,452
2017
$1,808
$126,914
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Canyon Elementary School
421 Entrada Dr
Distance between this listing and this school0.46 miles
Public Charter Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.62 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school12.92 miles
Public Magnet Grades 1-5
Middle School
8
/10
Paul Revere Middle School
1450 Allenford Ave
Distance between this listing and this school2.23 miles
Public Charter Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school16.96 miles
Public District Grades 6-8
High School
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school11.24 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school17.57 miles
Public Magnet Grades 9-12
Assigned Schools
8
/10
Canyon Elementary School
421 Entrada Dr
Distance between this listing and this school0.46 miles
Public Charter Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.62 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school12.92 miles
Public Magnet Grades 1-5
Assigned Schools
8
/10
Paul Revere Middle School
1450 Allenford Ave
Distance between this listing and this school2.23 miles
Public Charter Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school16.96 miles
Public District Grades 6-8
Nearby Schools
9
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school1.62 miles
Public District Grades 6-8
Assigned Schools
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school11.24 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school17.57 miles
Public Magnet Grades 9-12
Nearby Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school2.28 miles
The neighbors living near this home have an average income of $146,154. Typical income of Santa Monica, CA residents is $200k+ annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 153 W Channel Rd
What is the listing price of this property?
The listing price of 153 W Channel Rd property is $7,995,000.
What type of property is this?
The property 153 W Channel Rd is a house located in Santa Monica, California, 90402.
Is this property for sale now?
Active Listing: 153 W Channel Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 153 W Channel Rd are: Canyon Elementary School: GreatSchools Rating 8/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Paul Revere Middle School: GreatSchools Rating 8/10Studio: GreatSchools Rating 4/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,973 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 153 W Channel Rd has 11 bedrooms and 10 bathrooms.
What is the square footage of this property?
The property 153 W Channel Rd is 2,700 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 153 W Channel Rd is 1960.
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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 January 16, 2024 and is currently priced at $7,995,000.
While more than 22 listings in Santa Monica, CA in April 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 21 were sold below. The number of listings in Santa Monica, CA increased by 24.5% between March 2024 and April 2024. In April 2024 median list price was $1,789,833 and the average listing age was 29 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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