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 viewsan 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 TypeCondo
- NeighborhoodN/A
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site42 Days
- MLS StatusActive
- MLS ID NumberNP23225178
- Home Size Source N/A
- Year Built1946
- Lot Size0.06 Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Parking Garage Garage
- Parking Garage Spaces 4
- Sewer Public Sewer
- Terms Cash To New Loan
- Stories 3 Story
Interior Features
- Additional Rooms KitchenLiving Room
- Cooling Central Forced AirWall/Window
- Floors Wood
- Equipment DishwasherRefrigeratorFreezerGas Stove
Exterior Features
- Water Public
- Pool N/K
- View City Lights
Community Features
- Sales Restrictions Standard
- Spa N/K
- Laundry Location Closet StackedInside