CA > Laguna Beach > The Villages (The Villas) - 188306
Laguna Beach, CA 92651,385 Mermaid Street
See all 43 photos
Laguna Beach, CA 92651,385 Mermaid Street
Laguna Beach, CA 92651,385 Mermaid Street
Laguna Beach, CA 92651,385 Mermaid Street
Laguna Beach, CA 92651,385 Mermaid Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
4
Feb
Wed
5
Feb
Thu
6
Feb
Tina Lucarelli

Tina Lucarelli

+1(310) 738-8089
Listed by Tim Smith • Coldwell Banker Realty
$ 3,695,000
Est. payment /mo
Save Virtual Tour
Active

385 Mermaid Street Laguna Beach, CA 92651

4 Beds

4 Baths

2,000 SqFt

UPDATED:

01/25/2025 08:16 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $1,847

Subdivision The Villages (The Villas) - 188306

MLS Listing ID NP-23225178

Bedrooms 4

Full Baths 4

Year Built 1946

Lot Size 2,614 Sqft

Property Description

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 views--an 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 investment opportunity, this coastal triplex is an incredible find.

Location

State CA

County Orange

Interior

Interior Features Beamed Ceilings, Furnished, Recessed Lighting, Kitchen Open to Family Room

Heating Forced Air

Cooling Central Air, Wall/Window Unit(s)

Flooring Wood

Fireplaces Type None

Inclusions All furniture and furnishings

Laundry Inside, Stackable

Exterior

Garage Spaces 4.0

Pool None

Community Features Sidewalks

View Y/N Yes

View City Lights

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Schools

Elementary Schools El Morro

Middle Schools Thurston

High Schools Laguna Beach

agent

Tina Lucarelli

Advisor | License ID: 02102354

+1(310) 738-8089

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of Tina Lucarelli, including auto-dialed calls, texts, and prerecorded messages (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website. I understand that I can call +1(310) 738-8089 to obtain direct assistance.

Go tour this home

385 Mermaid Street