385 Mermaid Street, Laguna Beach

Laguna Beach Home For Sale

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 inv

Property Details

385 Mermaid StreetSquare Ft: 2,000Lot Size: 0.06Bedrooms: 4Bathrooms: 4Price: $3,795,000Zip: 92651
MLS® #: NP23225178Garages: 4School District: Days on Market: 180Listed By: Tim Smith, Coldwell Banker Realty

Sales Agent

Beach Cities Real Estate
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Additional Information

  • City:
    Laguna Beach
  • County:
    Orange
  • Zip:
    92651
  • MLS® #:
    NP23225178
  • Bedrooms:
    4
  • Bathrooms:
    4
  • Square Ft:
    2,000
  • Lot Size:
    0.06
  • Neighborhood:
    OC - LAGUNA BEACH (92651)
  • Garages:
    4
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Listing information last updated on July 20th, 2024 at 5:31pm PDT.