688
  • Property Type
  • Residential
  • 4
  • Bedrooms
  • 4
  • Bathrooms
  • 4.00
  • Garages
  • 2000.00 m²
  • Area Size
  • 1946
  • Year Built
385 Mermaid Street, Laguna Beach, CA 92651
  • $3,995,000
  • $1,998

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.

  • Address: 385 Mermaid Street
  • City: Laguna Beach
  • State/county: CA
  • Zip/Postal Code: 92651
  • Area: LV - Laguna Village
  • Country: United States

Details

Updated on May 15, 2024 at 5:27 pm
  • Property ID SGR-20744850
  • Price $3,995,000
  • Property Size 2000.00 m²
  • Land Area 2614.00 m²
  • Bedrooms 4
  • Bathrooms 4
  • Garages 4.00
  • Year Built 1946
  • Property Type Residential
  • Property Status For Sale
  • MLS# NP23225178
  • Office Name COLDWELL BANKER REALTY
  • Agent Name Tim Smith
  • MLS Status Active
  • Agent State License 01346878
  • IDX Contact Info 949.478.2295

Additional details

  • View City Lights
  • Sewer Public Sewer
  • Cooling Central Air,Wall/Window Unit(s)
  • Heating Forced Air
  • Flooring Wood
  • County Orange
  • Property SubType Triplex
  • Parking 6.00
  • Elementary School El Morro
  • Middle/Junior School Thurston
  • High School Laguna Beach
  • Water Source Public

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Sankofa Global Realty
  • Sankofa Global Realty

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