Seller's Agent in 2020
Damien Breaux
Morgan Skenderian
(949) 584-0503
41 Total Sales
136 Cliff Dr Laguna Beach, CA 92651
North Laguna Neighborhood
5
Beds
4
Baths
11,588
Sq Ft
0.32
Acres
Highlights
- 0.32 Acre Lot
- El Morro Elementary School Rated A+
- Laundry Room
About This Home
As of November 2020We 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.
Last Agent to Sell the Property
Morgan Skenderian License #01460301 Listed on: 05/28/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 0.32 Acre Lot
- No Common Walls
- Density is 16-20 Units/Acre
Home Design
- 11,588 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 14 Parking Spaces
- 14 Carport Spaces
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 3 / C
- Tax Tract Number 208
- Assessor Parcel Number 49609320
Community Details
Overview
- 2 Buildings
- 17 Units
- Main Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $5,075
- Insurance Expense $7,393
- Maintenance Expense $21,250
- Other Expense $13,072
- New Taxes Expense $103,108
- Operating Expense $159,178
- Gross Income $2,400
- Net Operating Income $309,332
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/13/2020 11/13/20 | Sold | $9,800,000 | -3.9% | $846 / Sq Ft |
| 09/28/2020 09/28/20 | Price Changed | $10,195,000 | -11.7% | $880 / Sq Ft |
| 07/27/2020 07/27/20 | Price Changed | $11,549,000 | -7.5% | $997 / Sq Ft |
| 05/28/2020 05/28/20 | For Sale | $12,485,000 | -- | $1,077 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $116,173 | $10,607,834 | $10,066,618 | $541,216 |
| 2024 | $116,173 | $10,399,838 | $9,869,234 | $530,604 |
| 2023 | $113,262 | $10,195,920 | $9,675,720 | $520,200 |
| 2022 | $102,216 | $9,996,000 | $9,486,000 | $510,000 |
| 2021 | $104,996 | $9,800,000 | $9,300,000 | $500,000 |
| 2020 | $7,216 | $399,126 | $145,639 | $253,487 |
| 2019 | $6,734 | $391,300 | $142,783 | $248,517 |
| 2018 | $6,550 | $6,000,000 | $4,400,000 | $1,600,000 |
| 2017 | $6,039 | $376,106 | $137,238 | $238,868 |
| 2016 | $5,676 | $368,732 | $134,547 | $234,185 |
| 2015 | $5,699 | $363,194 | $132,526 | $230,668 |
| 2014 | $5,765 | $356,080 | $129,930 | $226,150 |
Source: Public Records
Agents Affiliated with this Home
-
Damien Breaux
-
Monique Brown
Seller Co-Listing Agent in 2020
Monique Brown
Berkshire Hathaway Home Services
(949) 633-6900
13 Total Sales
-
Todd Hawke
Buyer's Agent in 2020
Todd Hawke
Keller Williams Realty Downey
(310) 774-3746
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20101787
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 114 High Dr
- 134 High Dr
- 339 Cypress Dr
- 421 Loma Terrace
- 414 Cypress Dr
- 535 Mystic Way
- 535 High Dr
- 522 High Dr
- 1076 Skyline Dr
- 455 Bonvue Terrace
- 1040 Skyline Dr
- 22691 Allview Terrace
- 738 Cliff Dr
- 924 Park Ave
- 1425 Skyline Dr
- 352 Thalia St
- 547 Temple Hills Dr
- 247 Fairview St
- 508 Seaview St
- 246 Fairview St
- 136 Cliff Dr Unit 10
- 136 Cliff Dr Unit 5
- 136 Cliff Dr Unit 12
- 136 Cliff Dr Unit 15
- 153 Cedar Way
- 146 Cliff Dr Unit A
- 146 Cliff Dr Unit B
- 146 Cliff Dr Unit C
- 146 Cliff Dr
- 125 Cedar Way
- 154 Cliff Dr
- 150 Cliff Dr Unit 1
- 150 Cliff Dr
- 145 Cedar Way Unit 2
- 105 Cedar Way
- 164 Acacia Dr Unit upper
- 164 Acacia Dr
- 160 Cliff Dr Unit A
- 160 Cliff Dr
- 160 Cedar #G Way #G