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$3,695,000
329 Days On Site

385 Mermaid Street
Laguna Beach, CA 92651

For Sale|Triplex|Active
4
Beds
4
Full Baths
0
Partial Baths
2,000
SqFt
$1,848
/SqFt
1946
Built
Subdivision:
The Village (VIL)
County:
Orange
Listed by Tim Smith of Coldwell Banker Realty [email protected]

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951-506-5744
385 Mermaid Street385 Mermaid Street385 Mermaid Street385 Mermaid Street
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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.

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Listing Snapshot
Price 
$3,695,000
Days On Site 
329 Days
Bedrooms 
4
Inside Area (SqFt) 
2,000 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1946
MLS® Number 
NP23225178
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
a month agoPrice changed to $3,695,000
a month agoListing updated with changes from the MLS®
11 months agoStatus changed to Active
11 months agoListing first seen on site
General Features
Acres 
0.06
Attached Garage 
Yes
Garage 
Yes
Garage Spaces 
4
Number Of Stories 
4
Parking 
Garage Faces FrontGarageAttached
Parking Spaces 
6
Property Sub Type 
Triplex
Sewer 
Public Sewer
Special Circumstances 
Standard
Stories 
Three Or MoreMulti/Split
Water Source 
Public
Interior Features
Appliances 
DishwasherFreezerGas CooktopRefrigeratorRange HoodWasher/Dryer Stacked
Cooling 
Central AirWall/Window Unit(s)
Fireplace Features 
None
Flooring 
Wood
Furnished 
Furnished
Heating 
Forced Air
Interior 
Beamed CeilingsRecessed Lighting
Laundry Features 
Inside
Main Level Bedrooms 
4
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Exterior Features
Patio And Porch 
DeckPatio
Pool Features 
None
Road Frontage 
City Street
Spa Features 
None
View 
CityCity Lights
Waterview 
CityCity Lights
Windows/Doors 
Mirrored Closet Door(s)Sliding Doors
Community Features
Building Access 
2
Community Features 
Sidewalks
MLS Area 
LV - Laguna Village
Roads 
Paved
School District 
Laguna Beach Unified
Schools
School District
Laguna Beach Unified
Elementary School
El Morro
Middle School
Thurston
High School
Laguna Beach


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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EXP REALTY OF SOUTHERN CALIFORNIA, INC. CA DRE#02187306

10620 Treena St, Ste 230
San Diego, CA 92131

Tom Olsewski – DRE#01442461