$3,995,000 - 385 Mermaid Street, Laguna Beach

  • 4Beds
  • 4Baths
  • 2,000SQ. Feet
  • 0.06Acres

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.

Sales Agent

Sam SmithLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:NP23225178
  • Price:$3,995,000
  • Bedrooms:4
  • Bathrooms:4.00
  • Full Baths:4
  • Square Footage:2,000
  • Acres:0.06
  • Year Built:1946
  • Type:Residential
  • Sub-Type:Triplex
  • Status:Active
  • Listing Agent:Tim Smith
  • Listing Office:Coldwell Banker Realty

Community Information

  • Address:385 Mermaid Street
  • Area:LV - Laguna Village
  • Subdivision:The Village (VIL)
  • City:Laguna Beach
  • County:Orange
  • Zip Code:92651

Amenities

  • Parking Spaces:6
  • Parking:Garage Faces Front, Garage
  • # of Garages:4
  • Garages:Garage Faces Front, Garage
  • View:City Lights
  • Pool:None

Interior

  • Interior:Wood
  • Interior Features:Beamed Ceilings, Furnished, Recessed Lighting
  • Appliances:Dishwasher, Freezer, Gas Cooktop, Refrigerator, Range Hood
  • Heating:Forced Air
  • Cooling:Central Air, Wall/Window Unit(s)
  • Fireplaces:None
  • # of Stories:4
  • Stories:Three Or More, Multi/Split

Exterior

  • Lot Description:0-1 Unit/Acre

School Information

  • District:Laguna Beach Unified
  • Elementary:El Morro
  • Middle:Thurston
  • High:Laguna Beach

Additional Information

  • Date Listed:December 7th, 2023
  • Days on Market:102

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North Laguna (nl)

  • City:
    Laguna Beach
  • Price Range:
    $1,675,000 - $7,727,200
  • Current Listings:
    14
  • HOA Dues:
    $206
  • Average Price per Square Foot:
    $1,740
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Based on information from California Regional Multiple Listing Service, Inc. as of April 13th, 2024 at 3:15am PDT. 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.