$3,995,000
Beds: 4
Baths: 4
Sqft: 2,000
Sqft lot: 2,613
Acre lot: 0.06
132 Days On Market -

Property listed by Coldwell Banker Realty, Tim Smith 949.478.2295

Status: Active
Property Type: Triplex
Year Built: 1946
Neighborhood: The Village (vil)
Days On Website: 132
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.

Features

Property Access

  • Road frontage type: CityStreet
  • Road surface type: Paved

Appliances & Equipment

  • Dishwasher
  • Freezer
  • GasCooktop
  • Refrigerator
  • RangeHood

Bathrooms

  • 4 main level bathrooms
  • 4 full bathrooms
  • 4 total bathrooms

Bedrooms

  • 4 main level bedrooms
  • 4 total bedrooms

Building

  • Built in 1946
  • Levels: ThreeOrMore,MultiSplit
  • Living area: 2000
  • Common walls: NoCommonWalls

Community

  • Sidewalks

Cooling

  • CentralAir
  • WallWindowUnits

Doors

  • MirroredClosetDoors
  • SlidingDoors

Fireplaces

  • None

Floors

  • Wood

Garage

  • 4 spaces

Heating

  • ForcedAir

Interior Features

  • BeamedCeilings
  • Furnished
  • RecessedLighting

Laundry

  • Inside
  • Stacked

Listing

  • ListingID: NP23225178
  • Standard status: Active
  • 125 days on market

Location

  • Country: US
  • Subdivision name: The Village (VIL)

Lot

  • 0.06 acres
  • 2,614 square feet
  • Size: 2,614
  • Item01UnitAcre

Parking

  • 2 open parking spaces
  • 6 totals parking
  • GarageFacesFront
  • Garage

Pool

  • None

Property

  • Deck
  • Patio
  • CityLights

Schools

  • Elementary school: El Morro
  • Middle or junior school: Thurston
  • High school: Laguna Beach

Sewer

  • PublicSewer

Spa

  • None

Utilities

  • Standard

Property Map

Map View


$3,995,000 - 385 Mermaid Street, Laguna Beach, CA 92651

Street View


Directions


385 Mermaid Street
Laguna Beach, CA 92651
Country: US

Nearby Schools

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