30
See all 30 photos
$3,350,000
Est. payment /mo
5 Beds
3 Baths
2,000 SqFt
Active
385 Mermaid Laguna Beach, CA 92651
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Key Details
Property Type Multi-Family
Sub Type All Other Attached
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
Year Built 1945
Lot Dimensions 2614
Property Sub-Type All Other Attached
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 residencestwo spacious 2-bedroom, 1-bath units and a light-filled studioeach 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 propertys prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity. Whether youre an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern Californias most sought-after beach communities.
Location
State CA
County Orange
Direction Cross streets are Glenneyre and 2nd
Interior
Interior Features Balcony
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
Garage Spaces 4.0
View Y/N Yes
Water Access Desc Public
View Mountains/Hills, City Lights
Building
Sewer Public Sewer
Water Public
Others
Tax ID 64126506
Special Listing Condition Standard
Listed by Katin Reinhardt Kase Real Estate