Active
385 Mermaid Street
Laguna Beach CA, 92651
$3,695,000
$1,847.50 per sqft
Active
4 Beds
4 Baths
2,000 sqft
Multi-family
Built in 1946
Listed by Tim Smith with Coldwell Banker Realty 949.478.2295
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.
NP23225178
MLSⓇ ID
January 2, 2024
Listed
December 5, 2024
Updated
Map
385 Mermaid Street
Laguna Beach CA, 92651
Interior Features
Total Stories
4
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Beamed Ceilings, Furnished, Recessed Lighting
Appliances
Dishwasher, Freezer, Gas Cooktop, Refrigerator, Range Hood
Laundry Description
Inside, Stacked
Floor Description
Wood
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.06 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
School Information
School District
Laguna Beach Unified
High School
Laguna Beach
Elementary School
El Morro
Other Property Details
Area Name
LV - Laguna Village
Days on Market
337
Garage
Yes
Garage Spaces
4
Parking
Garage Faces Front, Garage
Parking Total
6
View
Yes
View Description
City Lights
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
10/21/2024 | Price change | $3,695,000 -3% |
6/3/2024 | Price change | $3,795,000 -6% |
Listing Contact: 949-644-1600
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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, 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 3:19 AM UTC