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107 CHANNEL RD , Santa Monica, CA 90402 |
COMMERCIAL
MIXED USE @ THE BEACH IN SANTA MONICA CANYON
| Property Type: |
Commercial |
| Building Size: |
1,011 SF |
| Lot Size: |
2,265 SF |
| Year Built: |
1915 |
| Price: |
$ 1,335,000 |
Cap Rate: |
8 |
| Gross Rent Multiplier: |
12.5 |
| Bedrooms: |
3 |
| Bathrooms: |
4 |
Description:
| Property Use: |
Office/Residential/Commercial |
| # of Units: |
4 |
| # of Offices: |
1 |
| apn: |
4410-012-001 |
| MLS#: |
10-494389 |
| Parking: |
yes |
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offered at $ 1,335,000
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| Online Listing: |
| www.107WChannelRd.jodisummers.com |
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| Property Description: |
MIXED USE NNN @ THE BEACH IN SANTA MONICA CANYON
107 W CHANNEL RD , SANTA MONICA, CA 90402
Across the street from the beach, bringing in $108,000 NNN annually. Premiere corner exposure on Pacific Coast Highway, this unique mixed use property welcomes you to Malibu, Pacific Palisades & Santa Monica Canyon. You get it all - commercial storefront with outstanding visibility + large 2br 2ba house; + separate detached 1br 1ba guest house + small office @ the beach. AMAZING OCEAN VIEWS! Built by F. E. Bundy + family in 1915. Currently under a 5-year lease to a Sober Living Blue Shield network facility @ $9,000 monthly NNN -> $108,000 annually.
This property can be purchased with 117 W Channel Rd. ($192,000 annually) for the discounted price of $3,750,000 � a great value! Details @ www.107and117WChannelRd.jodisummers.com .
www.107WChannelRd.jodisummers.com ,
www.117WChannelRd.jodisummers.com
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| Location Description: |
The intersection of Pacific Coast Highway, West Channel Rd. + Chautauqua Blvd.
Property Features:
- You are @ the beach
- $9,000 monthly income NNN, $108,000 annually
- Quality improvements
- Network facility for a national health provider
- Tenant details @ http://www.promises.com/
- Club Soba - http://www.clubsoba.com/westchannel.htm
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Seller Contact Info: |
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