$3,695,000

Beds: 4
Baths: 4
Sqft: 2,000
Sqft lot: 2,614
Acre lot: 0.06
285 Days On Market -

ContactSue Otto-Calkins

Courtesy of Coldwell Banker Realty

Status: Active
Property Type: Attached
Year Built: 1946
Days On Website: 285
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' 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 viewsan 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's studio, or a guest suite; the potential is unlimited. Ascending to the upper unit, you'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 inv

Features

Bathrooms

  • 4 full bathrooms
  • 4 total bathrooms

Bedrooms

  • 4 bedrooms
  • 4 total bedrooms

Building

  • 2,000 estimated square feet
  • Source: Owner
  • Built in 1946
  • 4 stories
  • Deck
  • Patio
  • 3 story

Cooling

  • Central Forced Air
  • Wall/Window

Floors

  • Wood

Water Features

  • Public

Heating

  • Forced Air Unit

Laundry

  • Closet Stacked
  • Inside

Listing

  • Source: SDMLS
  • For Sale
  • 319 days on market
  • Listed on 2023-12-07

Location

  • County: Orange

Lot

  • Approximately 2,614 square feet
  • 1-3,999 SF
  • Approximately 0 acres

Garage

  • 4 garage parking spaces
  • Garage

Parking

  • 6 total parking spaces

Property

  • City Lights

Sewer

  • Public Sewer

Property Map

Map View


$3,695,000 -385 Mermaid Street, Laguna Beach, CA 92651

Street View


Directions


385 Mermaid Street
Laguna Beach, CA 92651
County: Orange

Nearby Schools

Local Sales

Sue Otto-Calkins