385 Mermaid Street Active

Laguna Beach,CA 92651

$ 3695000

4 Beds

4 Baths

2000 SqFt


Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $1,847

MLS Listing ID NP23225178

Style All Other Attached

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1946

Lot Size 2,614 Sqft

Acres 0.06

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 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
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.

Location

State CA

County Orange

Area Oc - Laguna Beach (92651)

Interior

Interior Features Beamed Ceilings,Recessed Lighting,Furnished

Cooling Central Forced Air,Wall/Window

Flooring Wood

Equipment Dishwasher,Refrigerator,Freezer,Gas Stove

Appliance Dishwasher,Refrigerator,Freezer,Gas Stove

Laundry Closet Stacked,Inside

Exterior

Garage Garage

Garage Spaces 4.0

View City Lights

Total Parking Spaces 6

Building

Lot Description Sidewalks

Story 4

Lot Size Range 1-3999 SF

Sewer Public Sewer

Water Public

Level or Stories 3 Story

Others

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

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