385 Mermaid Street, Laguna Beach

$3,695,000

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4

Beds

4

Baths

2,000

Square feet

0.06

Acres

Listing Agent
Tim Smith - Coldwell Banker Realty

About 385 Mermaid Street

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.

Features of 385 Mermaid Street

MLS® # NP23225178
Price $3,695,000
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

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, Garage Faces Front
# of Garages 4
Garages Garage, Garage Faces Front
View City Lights
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Wood
Interior Features Beamed Ceilings, Furnished, Recessed Lighting
Appliances Dishwasher, Freezer, Gas Cooktop, Range Hood, Refrigerator
Heating Forced Air
Cooling Central Air, Wall/Window Unit(s)
Has Basement No
Fireplace No
Fireplaces None
# of Stories 4
Stories Multi/Split, Three Or More

Exterior

Lot Description ZeroToOneUnitAcre

School Information

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

Additional Information

Date Listed December 7th, 2023
Days on Market 409
Foreclosure No
Short Sale No
RE / Bank Owned No
Leased Land Fee
Senior Community No

Listing Details

AgentTim Smith
OfficeColdwell Banker Realty

Listing Map

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