$9,800,000
$10,195,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
136 Cliff DR Laguna Beach, CA 92651
11,588 SqFt
Key Details
Sold Price $9,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,588 sqft
Price per Sqft $845
Subdivision Main Beach (Bch)
MLS Listing ID PW20101787
Sold Date 11/13/20
HOA Y/N No
Year Built 1956
Lot Size 0.320 Acres
Acres 0.3203
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.
Location
State CA
County Orange
Area Lv - Laguna Village
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 14
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 14
Private Pool No
Building
Lot Description Item1620UnitsAcre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 49609320
Acceptable Financing Cash, CashtoNewLoan, Item1031Exchange
Listing Terms Cash, CashtoNewLoan, Item1031Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Todd Hawke • Keller Williams - Santa Monica