5 Beds
3 Baths
2,000 SqFt
5 Beds
3 Baths
2,000 SqFt
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,675
MLS Listing ID OC25108976
Style All Other Attached
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1945
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 2614
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 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.
Location
State CA
County Orange
Area Oc - Laguna Beach (92651)
Interior
Interior Features Balcony
Cooling Central Forced Air
Laundry Closet Stacked, Inside
Exterior
Garage Spaces 4.0
View Mountains/Hills, City Lights
Total Parking Spaces 4
Building
Lot Description Curbs
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Level or Stories 3 Story
Others
Acceptable Financing Cash, Cash To New Loan
Listing Terms Cash, Cash To New Loan
Special Listing Condition Standard
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