Welcome to 385 Mermaid Street, a fully renovated triplex offering the best of coastal living and income potential in the heart of Laguna Beach Village. This charming property consists of three fully furnished residences—two spacious 2-bedroom, 1-bath units and a light-filled studio—each with private laundry, garage parking, and outdoor space.
Originally built in 1946 and completely renovated in 2015, every unit blends classic coastal character with modern upgrades. Residents enjoy private balconies and a shared deck with sweeping city views, beamed ceilings, hardwood floors, and updated kitchens with stainless steel appliances.
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. The property’s prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity.
Whether you’re an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern California’s most sought-after beach communities.
Originally built in 1946 and completely renovated in 2015, every unit blends classic coastal character with modern upgrades. Residents enjoy private balconies and a shared deck with sweeping city views, beamed ceilings, hardwood floors, and updated kitchens with stainless steel appliances.
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. The property’s prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity.
Whether you’re an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern California’s most sought-after beach communities.
Property Details
Price:
$3,350,000
MLS #:
OC25108976
Status:
Active
Beds:
5
Baths:
3
Address:
385 Mermaid
Type:
Single Family
Subtype:
Triplex
Subdivision:
The Village VIL
Neighborhood:
lvlagunavillage
City:
Laguna Beach
Listed Date:
Apr 30, 2025
State:
CA
Finished Sq Ft:
2,000
ZIP:
92651
Lot Size:
2,614 sqft / 0.06 acres (approx)
Year Built:
1945
See this Listing
Thank you for visiting my website. I am Leanne Lager. I have been lucky enough to call north county my home for over 22 years now. Living in Carlsbad has allowed me to live the lifestyle of my dreams. I graduated CSUSM with a degree in Communications which has allowed me to utilize my passion for both working with people and real estate. I am motivated by connecting my clients with the lifestyle of their dreams. I joined Turner Real Estate based in beautiful downtown Carlsbad Village and found …
More About LeanneMortgage Calculator
Schools
School District:
Laguna Beach Unified
Interior
Cooling
Central Air
Fireplace Features
None
Heating
Forced Air
Interior Features
Balcony
Exterior
Community Features
Curbs
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
View
City Lights, Hills
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address385 Mermaid Laguna Beach CA
- AreaLV – Laguna Village
- SubdivisionThe Village (VIL)
- CityLaguna Beach
- CountyOrange
- Zip Code92651
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385 Mermaid
Laguna Beach, CA
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