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385 Mermaid Street

Laguna Beach, CA 92651

4 beds
4 baths
2,000 sqft
2,614 sqft lot
$1,847 per sqft
1946 build
– on site

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.

Listed By CRMLS_CA / Tim Smith / Coldwell Banker Realty / 949.478.2295

Last checked: Checking… • Last updated Oct 21, 2024 •

MLS# NP23225178 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1946
Year Built Source:

See Remarks
New Construction:

No
Structure Type:

Triplex
Entry Level:

2
Patio:

1
Patio And Porch Features:

Deck, Patio
Common Walls:

No Common Walls
Total Number Of Units:

3
Stories Total:

4

Interior

Features:

Beamed Ceilings, Furnished, Recessed Lighting
Levels:

Three Or More, Multi/Split
Entry Location:

2
Kitchen Features:

Kitchen Open to Family Room
Door Features:

Mirror Closet Door(s), Sliding Doors
Flooring:

Wood
Room Type:

Kitchen, Living Room
Living Area Units:

Square Feet
Living Area Source:

Seller
Fireplace:

No
Fireplace:

None
Laundry:

Inside, Stackable
Laundry:

1

Room Dimensions

Living Area:

2000.00

Location

Directions:

Cross Streets: Glenneyre and 2nd
Latitude:

33.54254700
Longitude:

-117.78146400

The Property

Property Type:

Residential
Subtype:

Triplex
Lot Features:

0-1 Unit/Acre
Lot Size Area:

2614.0000
Lot Size Acres:

0.0600
Lot Size SqFt:

2614.00
Lot Size Source:

Assessor
View:

1
View:

City Lights
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

626.05
Tax Tract:

144
Tax Lot:

15

Beds

Total Bedrooms:

4
Main Level Bedrooms:

4

Baths

Total Baths:

4
Bathroom Features:

Shower, Dual shower heads (or Multiple), Main Floor Full Bath, Walk-in shower
Full & Three Quarter Baths:

4
Main Level Baths:

4
Full Baths:

4

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

64126506

Heating & Cooling

Heating:

1
Heating:

Forced Air
Cooling:

Yes
Cooling:

Central Air, Wall/Window Unit(s)

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Freezer, Gas Cooktop, Range Hood, Refrigerator
Included:

Yes

Schools

Elementary:

ELMOR
Elementary School:

El Morro
Middle School:

Thurston
Middle School:

THURST
High School:

Laguna Beach
High School:

LAGBEA
High School District:

Laguna Beach Unified

The Community

Subdivision:

The Village (VIL)
Subdivision:

The Village (VIL)
Senior Community:

No
Features:

Sidewalks
Pool:

None
Private Pool:

No
Spa Features:

None
Inclusions:

All furniture and furnishings
Association:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Garage, Garage Faces Front
Parking Spaces:

6.00
Attached Garage:

Yes
Garage Spaces:

4.00
Uncovered Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
10/21/24 Oct 21, 2024	Price Changed	CRMLS_CA	$3,695,000	-2.6%
6/3/24 Jun 3, 2024	Price Changed	CRMLS_CA	$3,795,000	-5.0%
1/2/24 Jan 2, 2024	Listed / Active	CRMLS_CA	$3,995,000	26.3% (16.4% / YR)

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This multifamily located in The Village, Laguna Beach, CA 92651 is currently for sale for $3,695,000. 385 Mermaid Street is a 2,000 square foot multifamily with 4 beds and 4 baths that has been on Estately for 325 days. 385 Mermaid Street is in the The Village neighborhood of Laguna Beach and has a WalkScore® of 96, making it a walker’s paradise. This multifamily is in the attendance area of El Morro Elementary School, Laguna Beach High School, and Thurston Middle School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 06:59 on Nov 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.