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117 W Channel Road , Santa Monica, CA 90402
RESIDENTIAL
BEACH + CASH FLOW 4 U
Property Type: Residential
Building Size: 2,580 SF
Lot Size: 4,791 SF
Year Built: 1915
Price: $ 2,475,000
Cap Rate: 8%
Bedrooms: 2
Bathrooms: 7

Description:
Property Use: residential / office
# of Units: 7
apn: 4410-012-002
Zoning: LAC2
Date available: Close of escrow
MLS#: 10-494381
Floors: 2
Parking: yes
Elementary School: Canyon Elementary
Senior High School: SAMOHI!


offered at $ 2,475,000
offMarket
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Online Listing:
www.117WChannelRd.jodisummers.com
 
 
Property Description:
Sexy Cash Flow NNN in Santa Monica Canyon. Location! Location! Location! Bringing in $192,000 annually.
Across the street from the beach. Gateway to Malibu, Santa Monica Canyon & Pacific Palisades with AMAZING OCEAN VIEWS! 117 W Channel offers 7 units remodeled with fine attention to detail - wood floors, travertine bathrooms, stainless steel kitchens, 21st century wiring, lush landscaping. (2) 1br 1ba & (5) studios. Zoned C2. Built 1915. Currently under a 5-year lease to a Sober Living Blue Shield network facility @ $16,000 monthly NNN -> $192,000 annually.
http://www.clubsoba.com/westchannel.htm

This property can be purchased with 107 W Channel Rd. ($108,000 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
  • Tenant details @ http://www.promises.com/
  • Club Soba - http://www.clubsoba.com/westchannel.htm
  • You are @ the beach
  • Brilliantly maintained


Seller Contact Info:
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