385 Mermaid Street
$3,695,000
4
4
2,000
2,000
$1,848
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,...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 Tim Smith • DRE #01346878 • Brokerage DRE #00616212 • Coldwell Banker Realty • 949.478.2295
Property Details for 385 Mermaid Street
View
City Lights
Parking Spaces Total6
Private PoolNo
Cooling TypeCentral Forced Air, Wall/Window
Total Units3.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2000
LISTING UPDATED: 10/21/2024 04:38 AM
Property Details for 385 Mermaid Street
Status | Active |
---|---|
MLS # | NP23225178 |
Days on Market | 320 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential |
Year Built | 1945 |
Lot Size | 0.06 AC / 2,614 SF |
County | Orange County |
Building
Building Information for 385 Mermaid Street
Stories3Residences3Year Built1945Building Size-Lot Size0.06 AC / 2,614 SF
Property Information for 385 Mermaid Street
Property History for 385 Mermaid Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 385 Mermaid Street
Taxable ValueLand$2,977,873Additions$312,120Total$3,289,993
Tax Record2024$35,801 ($2,983 / month)
Home Facts
Total Finished SqFt1,895 SqFtAbove Grade Finished SqFt1,895 SqFtStories1Lot Size2,751 SqFtStyleMulti-Family Dwelling (2-4)Year Built1945CountyORANGEAPN641-265-06
Schools near 385 Mermaid Street
This home is within Laguna Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | K to 3 |
Rating | School | Distance |
---|---|---|
El Morro Elementary School PublicK to 5 | ||
Thurston Middle School Public6 to 8 | ||
Laguna Beach High School Public9 to 12 | ||
LEA Stone PrivateK to 3 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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