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107 + 117 W CHANNEL RD , Santa Monica, CA 90402 |
COMMERCIAL
BIG BEACH + CASH FLOW IN SANTA MONICA CANYON
| Property Type: |
Commercial |
| Building Size: |
5,137 SF |
| Lot Size: |
7,056 SF |
| Year Built: |
1915 |
| Price: |
$ 3,750,000 |
Cap Rate: |
8 |
| Gross Rent Multiplier: |
12.5 |
| Bedrooms: |
7 |
| Bathrooms: |
11 |
Description:
| Property Use: |
Office/Residential/Commercial |
| # of Units: |
11 |
| apn: |
4410-012-001, 4410-012-00 |
| Zoning: |
LAC2 |
| Date available: |
Close of escrow |
| MLS#: |
10-494381, 10-494381 |
| Floors: |
2 |
| Parking: |
yes |
| Elementary School: |
Canyon Elementary |
| Senior High School: |
SAMOHI! |
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offered at $ 3,750,000
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| offMarket |
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| Online Listing: |
| www.107and117WChannelRd.jodisummers.com |
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| Property Description: |
BEACH NNNs - LOCATION AND CASH FLOW 4 U
107 + 117 W CHANNEL RD., SANTA MONICA 90402
Welcome to the beach, Malibu, Santa Monica Canyon & the Pacific Palisades ~ an exotic NNN jewel for your portfolio - 2 properties - 107 + 117 West Channel Rd., Santa Monica, 90402 Gateway to Malibu, Santa Monica Canyon & Pacific Palisades A Historic 11-unit mixed use suite of properties across the street from the beach. Currently under a 5-year lease to a Sober Living Blue Shield network facility @ $25,000 monthly NNN -> Annual income $300,000 NNN.
Located in Santa Monica's wealthiest zip code, 107 W Channel offers - Commercial storefront with outstanding visibility; large 2br 2ba house; separate detached 1br 1ba guest house & small office. Monthly lease rate $9,000 NNN.
117 W Channel features 7 units remodeled with the finest attention to detail - wood floors, travertine bathrooms, stainless steel kitchens, advanced communications, lush landscaping. (2) 1br 1ba & (5) studios. Amazing ocean views. Zoned C2. Built 1915. Monthly lease rate $16,000 NNN.
107 West Channel Road (apn: 4410-012-001) is available for $1,335,000. ~ 117 West Channel Road (apn: 4410-012-002) is available for $ 2,475,000. ~ Both properties (apns: 4410-012-001 + 4410-012-002) for the discounted price of $3,750,000.
Historic - built by F. E. Bundy + family in 1915.
This property can be purchased with 117 W Channel Rd. ($192,000 annually) for the discounted price of $3,750,000 - a great value! Please download the offering summary @
www.107WChannelRd.jodisummers.com. Details also available @
www.107and117WChannelRd.jodisummers.com |
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| Location Description: |
The intersection of Pacific Coast Highway, West Channel Rd. + Chautauqua Blvd.
Property Features:
- * Cash Flow + Location!
- * Network facility for a national health provider
- * NNN Tenant details @ http://www.promises.com/
- * Club Soba - http://www.clubsoba.com/westchannel.htm
- * Brilliantly maintained
- * Put this jewel in your portfolio
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Seller Contact Info: |
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