136 Cliff Drive, Laguna Beach, CA 92651
- $9,800,000
- Sold Price
- $9,800,000
- List Price
- $10,195,000
- Closing Date
- Nov 13, 2020
- Status
- CLOSED
- MLS#
- PW20101787
- Year Built
- 1956
- Lot Size
- 13,952
- Acres
- 0.32
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- Neighborhood
- Main Beach (Bch)
Property Description
We are delighted to offer a truly iconic piece of Laguna Beach: 136 Cliff Drive & 145 Cedar Way, a 17-unit multifamily property perched upon a hill in the heart of the city. Also known as Twin Palms, the property is situated in one of the best locations within Laguna Beach, just steps to the world famous Main Beach, Pageant of the Masters, the Sawdust Festival, and countless seaside shops, cafes, and nightlife entertainment options. Twin Palms reflects true pride of ownership, and has been lovingly and thoughtfully maintained and upgraded by the same family for almost 60 years. 16 of the 17 units have received varying degrees of renovations in the last decade, some with spec-home-caliber finishes and amenities. The property also boasts a charming courtyard with tiered gardens, as well as two sun decks offering priceless and breathtaking views of the waves and the Village. Seldom do opportunities such as this become available, and it would be a crowning addition to any investor’s portfolio.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 17
- Gross Scheduled Income
- $483,000
- Operating Expense
- 159178
Listing courtesy of Listing Agent: Damien Breaux (db@morganskenderian.com) from Listing Office: Morgan Skenderian.
Listing sold by Todd Hawke from Keller Williams - Santa Monica
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.