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Stephanie Vogt
FOR SALE
$3,795,000

385 Mermaid Street
Laguna Beach, CA 92651

Single Family, Triplex, Multi-Family
Residential
4
Beds
4
Baths
2,000
Sq. Ft.
0.06
Acre Lot
Listing Agent: Tim Smith - Coldwell Banker Realty, 949.478.2295; tim@timsmithgroup.com
Home> California> Laguna Beach> 92651
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 investment opportunity, this coastal triplex is an incredible find.
NP23225178
Residential - Single Family, Triplex, Multi-Family, 3+ Story
4
4 Full
1946
Orange
0.06 Acres
Public
4
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

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Listing Agent: Tim Smith - Coldwell Banker Realty, 949.478.2295; tim@timsmithgroup.com
Licensed in: DRE# 01346878
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Based on information from CRISNet MLS as of 6/24/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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