385 Mermaid Street, Laguna Beach, CA

$3,995,000

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4

Beds

4

Baths

2,000

Square feet

0.06

Acres

About 385 Mermaid Street

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 inv

Features of 385 Mermaid Street

MLS® # NP23225178
Price $3,995,000
Bedrooms 4
Bathrooms 4.00
Full Baths 4
Square Footage 2,000
Acres 0.06
Year Built 1946
Type Residential
Sub-Type All Other Attached
Status ACTIVE

Community Information

Address 385 Mermaid Street
Area OC - LAGUNA BEACH (92651)
City Laguna Beach
County Orange
State CA
Zip Code 92651

Amenities

Parking Garage
# of Garages 4
View City Lights
Is Waterfront No
Has Pool No
Pool N/K

Interior

Heating Forced Air Unit
Cooling Central Forced Air, Wall/Window
Fireplace No
Fireplaces N/K
# of Stories 3

Exterior

Lot Description Sidewalks

Additional Information

Date Listed December 7th, 2023
Days on Market 155
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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