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385 Mermaid Street
Laguna Beach, CA, 92651
$3,695,000
4 Beds
4 Baths
2,000 SqFt
0.06 Acres
MLS #NP23225178 img 0MLS #NP23225178 img 1MLS #NP23225178 img 2MLS #NP23225178 img 3MLS #NP23225178 img 4MLS #NP23225178 img 5MLS #NP23225178 img 6MLS #NP23225178 img 7MLS #NP23225178 img 8MLS #NP23225178 img 9MLS #NP23225178 img 10MLS #NP23225178 img 11MLS #NP23225178 img 12MLS #NP23225178 img 13MLS #NP23225178 img 14MLS #NP23225178 img 15MLS #NP23225178 img 16MLS #NP23225178 img 17MLS #NP23225178 img 18MLS #NP23225178 img 19MLS #NP23225178 img 20MLS #NP23225178 img 21MLS #NP23225178 img 22MLS #NP23225178 img 23MLS #NP23225178 img 24MLS #NP23225178 img 25MLS #NP23225178 img 26MLS #NP23225178 img 27MLS #NP23225178 img 28MLS #NP23225178 img 29MLS #NP23225178 img 30MLS #NP23225178 img 31MLS #NP23225178 img 32MLS #NP23225178 img 33MLS #NP23225178 img 34MLS #NP23225178 img 35MLS #NP23225178 img 36MLS #NP23225178 img 37MLS #NP23225178 img 38MLS #NP23225178 img 39MLS #NP23225178 img 40MLS #NP23225178 img 41MLS #NP23225178 img 42
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&#39' 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&#39's studio, or a guest suite' the potential is unlimited. Ascending to the upper unit, you&#39'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
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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 …

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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

Map

Community

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385 Mermaid Street
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