385 Mermaid Street, Laguna Beach, CA, 92651

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$3,995,000
115 Days Online

385 Mermaid Street
Laguna Beach, CA 92651

For Sale|Multi-Family|Active
Subdivision:
The Village (Vil)
County:
Orange
Listed by Tim Smith of Coldwell Banker Realty 949.478.2295

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949-495-2510
385 Mermaid Street385 Mermaid Street385 Mermaid Street385 Mermaid Street
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Monthly Payment (Est.)

$18,227
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Situated in the picturesque heart of The Village in Laguna Beach is a lucrative, turnkey investment opportunity: a triplex bathed in coastal charm and superbly located. The property is spread across four stories, including the garage and boasts excellent walkability near high-end dining, boutique shopping, five-star resorts, and top-rated schools, creating an oasis of comfort, style, and convenience. Each of the three units has a unique allure, characterized by significant outdoor square footage, beamed ceilings and hardwood floors. The units' kitchens, each adorned with stainless steel appliances, add a touch of modern elegance and functionality. Nestled on the lowest level, Unit A offers a two-bedroom, one-bathroom layout. Serenity defines this space, from its peaceful bedrooms to its outdoor deck that provides city light and neighborhood views—an ideal spot to unwind or entertain. Unit B, located on the middle level, unfolds as a flexible studio with one bathroom and an outdoor patio, a canvas for creative personalization. It can serve as a home office, an artist's studio, or a guest suite; the potential is unlimited. Ascending to the upper unit, you'll find Unit C, mirroring Unit A with two tranquil bedrooms and one full bathroom. With its extraordinary income-earning potential, all three units can be fully leased for consistent earnings, or partially occupied with the remaining units rented out. Completing the residence is a rare four-car attached garage with storage cabinets plus 2 uncovered spaces. Bridging the unique charm of Laguna Beach living with a compelling investment opportunity, this coastal triplex is an incredible find.

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Listing Snapshot
Price 
$3,995,000
Days Online 
115 Days
Bedrooms 
4
Inside Area (SqFt) 
2,000 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1946
MLS® Number 
NP23225178
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
4 months agoListing first seen online
General Features
Parking 
Garage Faces FrontGarage
Parking Spaces 
6
Sewer 
Public Sewer
Electric 
Standard
Number of Stories 
ThreeOrMore,MultiSplit4
Acreage 
0.06
Water 
Public
Property Sub Type 
Triplex
Garage Spaces 
4
Attached Garage 
Yes
Listing Conditions 
Standard
Interior Features
Cooling 
Central AirWall Window Units
Heating 
Forced Air
Appliances 
DishwasherFreezerGas CooktopRefrigeratorRange Hood
Flooring 
Wood
Interior 
BeamedCeilingsFurnishedRecessedLighting
Fireplace Features 
None
Laundry Features 
InsideStacked
Fireplace 
No
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Exterior Features
View 
City Lights
Spa 
No
Pool Features 
None
Spa Features 
None
Lot 
Item01 Unit Acre
Patio And Porch 
DeckPatio
Road Frontage 
City Street
Community Features
Association Dues 
0
Community Features 
Sidewalks
Senior Community 
No
MLS Area 
LV - Laguna Village
Schools
School District
Laguna Beach Unified
Elementary School
El Morro
Middle School
Thurston
High School
Laguna Beach


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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