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385 Mermaid Street, Laguna Beach

$3,995,000 - 4 Beds - 4 Baths - 2,000 Sqft - 2,614 Lot Sq. Ft

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.

Listing Agent
Tim Smith - Coldwell Banker Realty

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Essential Information

For 385 Mermaid Street, Laguna Beach
  • MLS® # NP23225178
  • Price $3,995,000
  • Bedrooms 4
  • Bathrooms 4.00
  • Full Baths 4
  • Square Footage 2,000
  • Lot Square Footage 2,614
  • Year Built 1946
  • Type Residential
  • Sub-Type Triplex
  • Status Active

Community Information

For 385 Mermaid Street, Laguna Beach

Amenities

For 385 Mermaid Street, Laguna Beach
  • Parking Spaces 6
  • Parking Garage Faces Front, Garage
  • # of Garages 4
  • Garages Garage Faces Front, Garage
  • View City Lights
  • Pool None

Interior

For 385 Mermaid Street, Laguna Beach
  • Interior Wood
  • Heating Forced Air
  • Fireplaces None
  • # of Stories 4
  • Stories Three Or More, Multi/Split

Interior Features

For 385 Mermaid Street, Laguna Beach

Beamed Ceilings, Furnished, Recessed Lighting

Appliances

For 385 Mermaid Street, Laguna Beach

Dishwasher, Freezer, Gas Cooktop, Refrigerator, Range Hood

Cooling

For 385 Mermaid Street, Laguna Beach

Central Air, Wall/Window Unit(s)

Exterior

For 385 Mermaid Street, Laguna Beach
  • Lot Description 0-1 Unit/Acre

School Information

For 385 Mermaid Street, Laguna Beach
  • District Laguna Beach Unified
  • Elementary El Morro
  • Middle Thurston
  • High Laguna Beach

Additional Information

For 385 Mermaid Street, Laguna Beach
  • Date Listed December 7th, 2023
  • Days on Market 117

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385 Mermaid Street Laguna Beach MLS® #NP23225178

You are viewing the for at 385 Mermaid Street with the MLS® NP23225178 on Previewochomes.com. This at 385 Mermaid Street, . 92651 is located in the The Village (VIL) subdivision and is currently for featuring 2000 sq.ft. of living space, a 2614 sq.ft. lot and listed for sale at $3,995,000. This for at 385 Mermaid Street with the MLS® # NP23225178 has been listed since 2023-12-07.

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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 9:25pm 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.

Property Listed By: Tim Smith of Coldwell Banker Realty