385 Mermaid ST Active Save Request In-Person Tour Request Virtual Tour
Laguna Beach,CA 92651
Key Details
Property Type Other Types
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,897
Subdivision The Village (Vil)
MLS Listing ID NP23225178
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1946
Lot Size 2,613 Sqft
Acres 0.06
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.
Location
State CA
County Orange
Area Lv - Laguna Village
Rooms
Other Rooms Kitchen,Living Room
Master Bathroom 4
Main Level Bedrooms 4
Kitchen Kitchen Open to Family Room
Interior
Interior Features Beamed Ceilings,Furnished,Recessed Lighting
Heating Forced Air
Cooling Central Air,Wall/Window Unit(s)
Flooring Wood
Fireplaces Type None
Inclusions All furniture and furnishings
Appliance Dishwasher,Freezer,Gas Cooktop,Range Hood,Refrigerator
Laundry Inside,Stackable
Exterior
Garage Garage,Garage Faces Front
Garage Spaces 4.0
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights
Porch Deck,Patio
Parking Type Garage,Garage Faces Front
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Triplex
Story 4
Sewer Public Sewer
Water Public
Level or Stories Three Or More,Multi/Split
New Construction No
Schools
Elementary Schools El Morro Elmor
Middle Schools Thurston
High Schools Laguna Beach
School District Laguna Beach Unified
Others
Senior Community No
Special Listing Condition Standard
Confidential INFO
BAC 2.0
TERMS Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
PRIVATE REMARKS Units A and C are currently rented. Estimated rent rolls are as follows: Unit A $6,500 / Unit B (studio) $3,200 / Unit C (top) $6,200. Per Realist, Effective Year Built is 1946. Buyer to verify property details, lot size, square footage, and year built if factor in purchase. To schedule a private showing, please call/text 949.919.5899 or email showings@timsmithgroup.com.
SHOW CONTACT TYPE None
SHOW CONTACT NAME Showings
SHOW CONTACT PH 949.919.5899
SHOW INSTRUCTIONS DO NOT USE SHOWING TIME. To schedule a private showing, please call/text 949.919.5899 or email showings@timsmithgroup.com with at least 24 hours notice and satisfactory POF.