385 Mermaid

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$3,350,000

385 Mermaid

5 Beds 3 Baths 2,000 Sq.Ft.

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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

For Sale

Katin Reinhardt

TITLE

REALTOR®

PHONE

(949) 491-6040

[email protected]

CONTACT AGENT

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 For Sale

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 $3,350,000

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.