$3,695,000
385 Mermaid Street
Laguna Beach, CA, 92651
Property 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.
Property Details
Price:
$3,695,000
MLS #:
NP23225178
Status:
Active
Beds:
4
Baths:
4
Address:
385 Mermaid Street
Type:
Single Family
Subtype:
Triplex
Subdivision:
The Village VIL
Neighborhood:
lvlagunavillage
City:
Laguna Beach
Listed Date:
Dec 7, 2023
State:
CA
Finished Sq Ft:
2,000
ZIP:
92651
Lot Size:
2,614 sqft / 0.06 acres (approx)
Year Built:
1946
Schools
Elementary School:
El Morro
Middle School:
Thurston
High School:
Laguna Beach
Interior
Appliances
Dishwasher, Freezer, Gas Cooktop, Range Hood, Refrigerator
Cooling
Central Air, Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Wood
Heating
Forced Air
Interior Features
Beamed Ceilings, Furnished, Recessed Lighting
Exterior
Community Features
Sidewalks
Electric
Standard
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre
Parking Features
Garage, Garage Faces Front
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
4
View
City Lights
Water Source
Public
Financial
Association Fee
0.00
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
385 Mermaid Street
Laguna Beach, CA
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