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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!


offered at $ 3,750,000
offMarket
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Online Listing:
www.107and117WChannelRd.jodisummers.com
 
 
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
 
 
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


Seller Contact Info:
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