385 Mermaid St

Laguna Beach, CA 92651 View Map $3,995,000 Schedule a Tour
Beds4
Baths4
Sq.Ft.2,000
Year1946
Carter Weir

Carter Weir

(949) 795-2222

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Welcome to {92660}
Status: Active
Property Type:Triplex
MLS #:NP23225178
Sq. Feet:2,000
On Site:143 Days
Lot Size:2,614 Sq. Ft.
County:Orange
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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:385 Mermaid St, Laguna Beach, CA 92651
County:Orange
Subdivision:The Village (Vil)
Zip Code:92651

School Information

School System:Laguna Beach Unified
High School:Laguna Beach
Middle School:Thurston
Elementary School:El Morro

Architecture

Bedrooms: 4
Bathrooms: 4
Year Built:1946
Stories:4
Style:Triplex
Total Units: 3
Stories Total: 4
Garage Spaces: 4.0

Features / Amenities

Interior Features: Beamed Ceilings, Furnished, Recessed Lighting
Appliances: Dishwasher, Freezer, Gas Cooktop, Refrigerator, Range Hood
Flooring: Wood
Laundry: Inside, Stacked
Room Type: Kitchen, LivingRoom
Patio And Porch: Deck, Patio
Door Features: Mirrored Closet Door(s), Sliding Doors
Entry Level: 2
Entry Location: 2
Common Walls: No Common Walls
Parking Features: Garage Faces Front, Garage
Open Parking Spaces: 2.0
Parking Total: 6.0
Cooling: Central Air, Wall/Window Unit(s)
Heating: Forced Air

Rooms

Features
Kitchen
BathroomMultipleShowerHeads,SeparateShower,WalkInShower
KitchenKitchenFamilyRoomCombo
Living Room

Property Features

Lot Size: 0.06 Acres / 2,614 Sq. Ft.
Lot Features: Item01UnitAcre
View: City Lights
Sewer: Public Sewer
Water: Public
Electric: Standard
Road Frontage: City Street
Road Surface: Paved
Directions:Cross Streets: Glenneyre and 2nd

Tax and Financial Info

Terms: CashtoNewLoan
Land Lease: No
Buyer Agency Compensation: 2.000%

Listing Agent/Office

Agent:Tim Smith
Office:Coldwell Banker Realty
Broker Phone:949-478-2295

Schools

WALKING AND TRANSPORTATION

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385 Mermaid St Laguna Beach,  CA 92651
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385 Mermaid St Laguna Beach, CA 92651
 
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Based on information from California Regional Multiple Listing Service, Inc. as of May 24, 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, 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. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.