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Listed by Katin Reinhardt • Kase Real Estate
$3,350,000
Est. payment /mo
5 Beds
3 Baths
2,000 SqFt
New
385 Mermaid Laguna Beach, CA 92651
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,675
MLS Listing ID CROC25108976
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1945
Lot Size 2,614 Sqft
Property Sub-Type Detached
Source Datashare California Regional
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 City Lights, Hills
Private Pool false
Building
Story 3
Water Public
Schools
School District Laguna Beach Unified
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