107 and 117 West Channel Road
Santa Monica, CA 90402
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All Cash Buyer
Set Market Record
Prime Santa Monica Location, Subject to Los Angeles Rent Control
Master-Leased Tenant Covers Majority of Expenses
Extensive Renovation to Interior and Exterior
Walking Distance to the Beach, Bars, Shops, and Restaurants
Great Curb Appeal
Bright and Spacious Units
Rare Investment Opportunity Intersection.
The Frydman Group is pleased to present this unique mixed use building that consists of nine apartment units and retail, and is located right of off Pacific Coast Highway on 107 & 117 West Channel Road in the city of Santa Monica, CA.
The buildings were built in 1915 and 1925 and although they share Santa Monica’s zip code and city location, are actually subject to Los Angeles rent roll regulations, with LAC2 zoning. Aside from being located steps from the beach, this unique mixed facility is occupied by a master tenant that covers the majority of expenses associated with the property and in many ways is similar to a traditional net leased investment.
The master tenant, SOBA Living provides renowned services in addiction including inpatient, detoxification, sober lifestyle community, outpatient services, and extended care.
The outpatient recovery center is located at 107 and 117 West Channel Road and consists of five studios, two one-bedroom/one-bathroom units, and a two-bedroom/two-bathroom house. The property also includes a three-bedroom/two-bathroom house that is the only portion of the offering that is independent of the master lease to SOBA Living, LLC.
Amenities include hardwood floors, stainless steel kitchens, travertine bathrooms, on-site parking, and laundry facilities.