$3,695,000
Beds:
4
Baths:
4
Sqft:
2,000
Sqft lot:
2,613
Acre lot:
0.06
330 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:
330
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.
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
- 293 days on market
Location
- Subdivision name: The Village (VIL)
Lot
- 0.06 acres
- 2,614 square feet
- Size: 2,614
- ZeroToOneUnitAcre
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
$3,695,000 - 385 Mermaid Street, Laguna Beach, CA 92651
Street View
Directions
385 Mermaid Street
Laguna Beach, CA 92651
Subdivision name: The Village (VIL)