385 Mermaid Street Laguna Beach, CA 92651

4 Beds
4 Baths
2,000 Sqft
2,613 Sqft lot
0.06 Acre lot
Status: Active
Property Type: Triplex
Year Built: 1946
Neighborhood: The Village (vil)
Days on Website: 132

Property listed by Coldwell Banker Realty, Tim Smith 949.478.2295

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.

Open House

Property Details and Features

  • Road frontage type: CityStreet
  • Road surface type: Paved
  • Dishwasher
  • Freezer
  • GasCooktop
  • Refrigerator
  • RangeHood
  • 4 main level bathrooms
  • 4 full bathrooms
  • 4 total bathrooms
  • 4 main level bedrooms
  • 4 total bedrooms
  • Built in 1946
  • Levels: ThreeOrMore,MultiSplit
  • Living area: 2000
  • Common walls: NoCommonWalls
  • Sidewalks
  • CentralAir
  • WallWindowUnits
  • MirroredClosetDoors
  • SlidingDoors
  • None
  • Wood
  • 4 spaces
  • ForcedAir
  • BeamedCeilings
  • Furnished
  • RecessedLighting
  • Inside
  • Stacked
  • ListingID: NP23225178
  • Standard status: Active
  • 125 days on market
  • Country: US
  • Subdivision name: The Village (VIL)
  • 0.06 acres
  • 2,614 square feet
  • Size: 2,614
  • Item01UnitAcre
  • 2 open parking spaces
  • 6 totals parking
  • GarageFacesFront
  • Garage
  • None
  • Deck
  • Patio
  • CityLights
  • Elementary school: El Morro
  • Middle or junior school: Thurston
  • High school: Laguna Beach
  • PublicSewer
  • None
  • Standard