385 Mermaid Street Laguna Beach, CA 92651
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.
- Property TypeMulti-Family
- NeighborhoodThe Village (Vil)
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site151 Days
- MLS StatusActive
- MLS ID NumberNP23225178
- Home Size Source Owner
- Year Built1946
- Lot Size0.06 Acres
- Full Baths4
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 385 Mermaid Street Laguna Beach, CA 92651
4 weeks ago | |
5 months ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Parking GarageGarage Faces Front
- Parking Spaces 6
- Sewer Public Sewer
- Number of Stories Three Or More, Multi/Split4
- Acreage 0.06
- Water Public
- Property Sub Type Triplex
- Garage Spaces 4
- Attached Garage Yes
- Listing Conditions Standard
Interior Features
- Cooling Central AirWall/ Window Unit(s)
- Heating Forced Air
- Appliances DishwasherFreezerGas CooktopRange HoodRefrigerator
- Flooring Wood
- Interior Beamed CeilingsFurnishedRecessed Lighting
- Fireplace Features None
- Laundry Features InsideStackable
- Fireplace No
Exterior Features
- View City Lights
- Spa No
- Pool Features None
- Spa Features None
- Lot 0-1 Unit/ Acre
- Patio And Porch DeckPatio
- Road Frontage City Street
Community Features
- Association Dues 0
- Community Features Sidewalks
- Senior Community No
- MLS Area LV - Laguna Village