153 W Channel Rd, Santa Monica, CA 90402

Two-block-scale quadplex and mixed residential development site in the Santa Monica Canyon, about one-fifth of a block from the beach. The property comprises 17,136 square feet across four separate parcels sold concurrently: two 4-unit buildings, one single-family residence, and one vacant lot. The site includes an ocean-view component and additional open space used as a garden.

The property is positioned between W Channel Rd and backs onto Chautauqua Blvd 17, with a Santa Monica mailing address. While the address is Santa Monica, building codes are under the City of Los Angeles. The current zoning is C-2Q, which the provided information states would allow 30 units, with an R-4 density bonus potentially allowing up to 59 units if parking limits are met.

Current improvements include 153 W Channel Rd, described as a 4-unit ocean view apartment building with gross income of $139,016 per year, with three units vacant at close of escrow. Also included is 157 W Channel Rd, described as a two-story 4-unit building dating to 1928 with canyon and ocean views and gross income of $158,532 per year, with three units scheduled to be delivered vacant. The owner’s home is a 3-bedroom, 2-bath residence of approximately 1,500 square feet, currently vacant at close of escrow, with projected rental income referenced in the materials.