385 Mermaid Street, Laguna Beach, CA 92651

Property 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 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.

Interior Features

Laundry Information
Location(s) Inside, Stacked
Kitchen Information
Features Kitchen/Family Room Combo, None
Bedroom Information
Bedrooms 4
Bathroom Information
Features Multiple Shower Heads, Separate Shower, Walk-In Shower
Bathrooms 4
Flooring Information
Material Wood
Interior Information
Features Beamed Ceilings, Furnished, Recessed Lighting
Cooling Type Central Air, Wall/Window Unit(s)

Listing Information

Address 385 Mermaid Street
City Laguna Beach
State CA
Zip 92651
County Orange
Listing Agent Tim Smith DRE #01346878
Courtesy Of Coldwell Banker Realty
List Price $3,795,000
Status Active
Type Residential
Subtype Triplex
Structure Size 2,000
Lot Size 2,614
Year Built 1946

Listing information courtesy of: Tim Smith, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.