385 Mermaid ST Laguna Beach, CA 92651
Active
$3,695,000
8%
Units
4 Beds
4 Baths
2,000 Area(sq.ft.)
2,614 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | NP23225178MR |
| Days On Market: | 293 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,848 |
| Year Built: | 1946 |
Property Details
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.Interested in this Listing?
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Income Details
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| View Description: | City Lights |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | Central, Wall/Window Unit(s) |
| Equipment: | Dishwasher, Freezer, Inside, Laundry Closet Stacked, Refrigerator, Stackable W/D Hookup |
| Heating: | Forced Air |
| Fireplace Rooms: | None |
| Laundry: | Inside, Laundry Closet Stacked, Stackable W/D Hookup |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
Schools
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Income
