MLS# NP23225178 - 385 Mermaid Street, Laguna Beach, CA 92651
$3,695,000
Beds:
4
Baths:
4
Sqft:
2,000
Sqft lot:
2,614
Acre lot:
0.06
286 Days On Market
Courtesy of Coldwell Banker Realty
Status:
Active
Property Type:
Attached
Year Built:
1946
Days On Website:
286
Property Details for 385 Mermaid Street, Laguna Beach, CA 92651
Description
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
Open House
Features
Bathrooms
- 4 full bathrooms
- 4 total bathrooms
Bedrooms
- 4 bedrooms
- 4 total bedrooms
Building
- 2,000 estimated square feet
- Source: Owner
- Built in 1946
- 4 stories
- Deck
- Patio
- 3 story
Cooling
- Central Forced Air
- Wall/Window
Floors
- Wood
Water Features
- Public
Heating
- Forced Air Unit
Laundry
- Closet Stacked
- Inside
Listing
- Source: SDMLS
- For Sale
- 319 days on market
- Listed on 2023-12-07
Location
- County: Orange
Lot
- Approximately 2,614 square feet
- 1-3,999 SF
- Approximately 0 acres
Garage
- 4 garage parking spaces
- Garage
Parking
- 6 total parking spaces
Property
- City Lights
Sewer
- Public Sewer
Property Map
Map View
$3,695,000 - 385 Mermaid Street, Laguna Beach, CA 92651
Street View
Directions
385 Mermaid Street
Laguna Beach, CA 92651
County: Orange