385 Mermaid, Laguna Beach, CA 92651
- $2,940,000
- 5
- BD
- 3
- BA
- 2,000
- SqFt
- Sold Price
- $2,940,000
- List Price
- $3,150,000
- Closing Date
- Oct 14, 2025
- Status
- CLOSED
- MLS#
- OC25108976
- Year Built
- 1945
- Bedrooms
- 5
- Bathrooms
- 3
- Living Sq. Ft
- 2,000
- Lot Size
- 2,614
- Acres
- 0.06
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Three Or More Levels
- Neighborhood
- The Village (Vil)
Property Description
Welcome to 385 Mermaid Street, a fully renovated triplex offering the best of coastal living and income potential in the heart of Laguna Beach Village. This charming property consists of three fully furnished residences—two spacious 2-bedroom, 1-bath units and a light-filled studio—each with private laundry, garage parking, and outdoor space. Originally built in 1946 and completely renovated in 2015, every unit blends classic coastal character with modern upgrades. Residents enjoy private balconies and a shared deck with sweeping city views, beamed ceilings, hardwood floors, and updated kitchens with stainless steel appliances. 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. The property’s prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity. Whether you’re an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern California’s most sought-after beach communities.
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Additional Information
- Pool Description
- None
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Hills
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- School District
- Laguna Beach Unified
- Interior Features
- Balcony, Bedroom on Main Level
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Katin Reinhardt (katinreinhardt22@gmail.com) from Listing Office: Coldwell Banker Realty.
Listing sold by Luke Hagenbach from Pacific Sotheby's Int'l Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.