Santa Monica CA Real Estate & Land for Sale

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. 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. 1300 sq ft (Owners Home) vacant at close of escrow with projected rent of $90,000 yearly.Additional vacant 4488 sq ft lot being used as a garden.Preliminary Development feasibility for the property has been conducted.

Prime Ocean Park development opportunity steps to THE BEACH & Main Street . Magnificent Architectural by notable Architect Michael Folonis. Fully entitled plans for a 2 story 3 unit condominium with subterranean parking! Each residence is curated with 2 bedrooms to 2.5 to 3 baths, and range from 1,275 to 2,110 s.f. each with private outdoor terraces. Unit 1-, 2 bedrooms, 3.5 baths, 2,110 s.f. living space, with 4 outdoor spaces! ( front patio is 541 s.f, side patio is 232 s.f., 2nd floor deck is 135 s.f., roof deck is 164 s.f.)! Unit 2 -, 2 bedrooms, 2.5 baths, 1,530 s.f. of living space, side patio is 241 s.f.. Unit 3-, 2 bedrooms, 2.5 baths,1,275 s.f. living space, with a huge 736 s.f. back patio. Each residence has a 2 car garage. Live in one and sell the others! Rare opportunity to experience beach living at its best!

Residential Development Opportunty, Leased through 11/2023 ($5,500 per month), 11 Units Being Built Next Door, 7,500 SF Available

Highly desirable Santa Monica lot ... builder's delight for development. .........part of 2 parcel sale (619 / 621 Pacific) for development opportunity - sold together. Seller is doing a 1031 exchange at COE and Buyer to cooperate at no expense to the Buyer. Reduced priced to move and submit all offers.