385 Mermaid, Laguna Beach, CA

$3,150,000

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5

Beds

3

Baths

2,000

Square feet

0.06

Acres

About 385 Mermaid

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 residencestwo spacious 2-bedroom, 1-bath units and a light-filled studioeach 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 propertys prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity. Whether youre an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern Californias most sought-after beach communities.

Features of 385 Mermaid

MLS® # OC25108976
Price $3,150,000
Bedrooms 5
Bathrooms 3.00
Full Baths 3
Square Footage 2,000
Acres 0.06
Year Built 1945
Type Residential
Sub-Type All Other Attached
Status Closed

Community Information

Address 385 Mermaid
Area OC - LAGUNA BEACH (92651)
City Laguna Beach
County Orange
State CA
Zip Code 92651

Amenities

Parking Spaces 4
# of Garages 4
View Mountains/Hills,City Lights
Is Waterfront No
Has Pool No
Pool N/K

Interior

Interior Features Balcony
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Fireplaces N/K
Stories 3 Story

Exterior

Lot Description Curbs

Additional Information

Date Listed April 30th, 2025
Days on Market 129
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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