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385 Mermaid Street, Laguna Beach, CA 92651
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385 Mermaid Street
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  • MLS#: NP23225178 ( Triplex )
  • Street Address: 385 Mermaid Street
  • Viewed: 2
  • Price: $3,695,000
  • Price sqft: $1,848
  • Waterfront: No
  • Year Built: 1946
  • Bldg sqft: 2000
  • Bedrooms: 4
  • Total Baths: 4
  • Full Baths: 4
  • Garage / Parking Spaces: 6
  • Days On Market: 345
  • Additional Information
  • County: ORANGE
  • City: Laguna Beach
  • Zipcode: 92651
  • Subdivision: The Village (vil)
  • District: Laguna Beach Unified
  • Elementary School: ELMOR
  • Middle School: THURST
  • High School: LAGBEA
  • Provided by: Coldwell Banker Realty
  • Contact: Tim Tim
  • California Regional MLS IDX
  • DMCA Notice
  • 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 viewsan 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.
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Features
Appliances
  1. Dishwasher
  2. Freezer
  3. Gas Cooktop
  4. Range Hood
  5. Refrigerator
Assessments
  1. Unknown
Association Fee
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
  2. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 295
Door Features
  1. Mirror Closet Door(s)
  2. Sliding Doors
Electric
  1. Standard
Elementary School
  1. ELMOR
Elementaryschool
  1. El Morro
Fireplace Features
  1. None
Flooring
  1. Wood
Garage Spaces
  1. 4.00
Heating
  1. Forced Air
High School
  1. LAGBEA
Highschool
  1. Laguna Beach
Inclusions
  1. All furniture and furnishings
Interior Features
  1. Beamed Ceilings
  2. Furnished
  3. Recessed Lighting
Laundry Features
  1. Inside
  2. Stackable
Levels
  1. Three Or More
  2. Multi/Split
Living Area Source
  1. Seller
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Middle School
  1. THURST
Middleorjuniorschool
  1. Thurston
Parcel Number
  1. 64126506
Parking Features
  1. Garage
  2. Garage Faces Front
Patio And Porch Features
  1. Deck
  2. Patio
Pool Features
  1. None
Postalcodeplus4
  1. 2383
Property Type
  1. Triplex
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
School District
  1. Laguna Beach Unified
Sewer
  1. Public Sewer
Spa Features
  1. None
Subdivision Name Other
  1. The Village (VIL)
Uncovered Spaces
  1. 2.00
View
  1. City Lights
Virtual Tour Url
  1. https://mantis-3d.aryeo.com/sites/ybqkpok/unbranded
Water Source
  1. Public
Year Built
  1. 1946
Year Built Source
  1. See Remarks