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Laguna Beach,CA 92651
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,675
Subdivision The Village (Vil)
MLS Listing ID OC25108976
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1945
Lot Size 2,613 Sqft
Property Sub-Type Triplex
Property 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.
Location
State CA
County Orange
Area Lv - Laguna Village
Rooms
Main Level Bedrooms 2
Interior
Interior Features Balcony,Bedroom on Main Level
Heating Forced Air
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside,Stacked
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
View Y/N Yes
View City Lights,Hills
Attached Garage No
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Triplex
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Schools
School District Laguna Beach Unified
Others
Senior Community No
Tax ID 64126506
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard