107 W Channel Road,  Santa Monica CA, 90402 (Residential Income)

3,927 sqft
Status: Active
MLS#: 16169182
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Last Updated: 4/26/2017 4:38 PM
Description for 107 W Channel Road Santa Monica, CA 90402
11 units delivered vacant or occupied with single tenant. The current single tenant pays $27k/month and is responsible for most expenses. Most units have ocean views. Located across the street from the beach on PCH. Centrally located between Malibu, Pacific Palisades & Santa Monica. One of the rare 4.5% plus returns west of the 405. Includes three buildings with (9) residential units,(1)retail, (1) office. Units renovated in 2007: updated kitchens, baths, hardwood, appliances. Two contiguous parcels included in this offering (4410-012-001 / 4410-012-002) with Los Angeles C2 zoning. Los Angeles Rent Stabilization & Los Angeles Services. Walking distance to beach, restaurants, bars, coffee, parks & more. Buyer to verify all aspects of this offering including but not limited to square footage, market rents, number of units, development opportunity and rent stabilization. Assumable loan of $2,800,000 approximately and seller financing available.
Price
$5,495,000
Los Angeles
3,927 (approx)
16169182
Active
Description
11 units delivered vacant or occupied with single tenant. The current single tenant pays $27k/month and is responsible for most expenses. Most units have ocean views. Located across the street from the beach on PCH. Centrally located between Malibu, Pacific Palisades & Santa Monica. One of the rare 4.5% plus returns west of the 405. Includes three buildings with (9) residential units,(1)retail, (1) office. Units renovated in 2007: updated kitchens, baths, hardwood, appliances. Two contiguous parcels included in this offering (4410-012-001 / 4410-012-002) with Los Angeles C2 zoning. Los Angeles Rent Stabilization & Los Angeles Services. Walking distance to beach, restaurants, bars, coffee, parks & more. Buyer to verify all aspects of this offering including but not limited to square footage, market rents, number of units, development opportunity and rent stabilization. Assumable loan of $2,800,000 approximately and seller financing available.
Listing Information
Property Type: Cluster, Other
16.2 Acres 705,600 sq.ft. 3,927 (approx)
$1,399.29 1930
11 Total
Neighborhood
Room Information
Exterior / Lot Features
Driveway
LAC2
Driving Directions
PCH and Channel Rd
Financial Considerations
4410012001
,$74,375
Listing Price History

Santa Monica Real Estate

Santa Monica is located in California. Santa Monica, California 90402 has a population of 93,220.

The median household income in Santa Monica, California 90402 is $74,534. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Santa Monica 90402 is 40.3 years.

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Courtesy: Concord Real Estate Service Kenny Stevens
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