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$ 3,150,000
Est. payment /mo
Pending
385 Mermaid Laguna Beach, CA 92651
5 Beds
3 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,575
MLS Listing ID CROC25108976
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1945
Lot Size 2,614 Sqft
Acres 0.06
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County Orange
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Other, Inside
Exterior
Garage Spaces 4.0
Pool None
View Y/N true
View City Lights, Hills
Total Parking Spaces 4
Private Pool false
Building
Level or Stories Three or More Stories
New Construction No
Schools
School District Laguna Beach Unified
Others
Tax ID 64126506
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Katin Reinhardt • Coldwell Banker Realty
