385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
385 Mermaid
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Listed by Katin Reinhardt with Coldwell Banker Realty 949-491-6040
$2,940,000

385 Mermaid

5 Beds 3 Baths 2,000 Sq.Ft. 2,614 Sq.Ft.

Description

Welcome to 385 Mermaid Street, a fully renovated triplex offering the best of coastal living and income potential in the heart of Laguna Beach Village. This charming property consists of three fully furnished residences--two spacious 2-bedroom, 1-bath units and a light-filled studio--each with private laundry, garage parking, and outdoor space.

Originally built in 1946 and completely renovated in 2015, every unit blends classic coastal character with modern upgrades. Residents enjoy private balconies and a shared deck with sweeping city views, beamed ceilings, hardwood floors, and updated kitchens with stainless steel appliances.

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. The property's prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity.

Whether you're an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern California's most sought-after beach communities.

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Location

385 Mermaid, Laguna Beach, CA 92651

Status

Sold

Property Amenities

Interior
Laundry room Inside, Stacked
Fireplace None
Total Bedrooms: 5
Full Bathrooms: 3
Other Interior Features Balcony, Bedroom on Main Level
Area & Lot
Lot Area 2,614 Sq.Ft.
Living area 2,000 Sq.Ft.
MLS® ID OC25108976
Year Built 1945
School District Laguna Beach Unified
View Description City Lights,Hills
Type Multi-Family
Status Sold
Exterior
Pool None
Air conditioning Central Air
Heat type Forced Air
Water Source Public
Garage Space 4.0
Sewer Public Sewer
Lot Features 0-1 Unit/Acre
Finance
Sales Price $2,940,000

Laguna Beach

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