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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! |
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offered at $ 2,475,000
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| Online Listing: |
| www.117WChannelRd.jodisummers.com |
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| 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
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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
- Tenant details @ http://www.promises.com/
- Club Soba - http://www.clubsoba.com/westchannel.htm
- You are @ the beach
- Brilliantly maintained
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Seller Contact Info: |
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