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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 3,795,000

Est. payment -/mo

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Active

385 Mermaid ST Laguna Beach, CA 92651

4 Beds

4 Baths

2,000 SqFt

UPDATED:

06/04/2024 08:38 PM

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.

Listed by Coldwell Banker Realty

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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