Listing provided courtesy of Tim Smith of Coldwell Banker Realty. Last updated 2024-04-28 08:08:24.000000. Listing information © 2023 CRMLS.

Asking Price: $3,995,000

385 Mermaid, Laguna Beach CA 92651

Community: ​LV - Laguna Village


This Triplex property was built in 1946 and is priced at $3,995,000. Please see the additional details below.
  • 2,000 Sq Ft
  • 4 bathrooms
  • 4 bedrooms
  • MLS#: NP23225178
  • Type: Triplex
  • Year Built: 1946
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.

Call or Email Ken and Caroll Dembowski now to inquire about this property

949-556-4500
CA DRE #01246140