All in one place

Everything to run your Real Estate Business


Listing Agent: Tim Smith CalDRE: 01346878 - Coldwell Banker Realty, 949.478.2295
crmls logo
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

385 Mermaid Street,  Laguna Beach CA, 92651

(Active)
$3,995,000
|
4 beds, 4 Full baths, 2,000 sqft
|
MLS# NP23225178

Skip Slideshow
Last Updated: 5/5/2024 7:34 AM
Description for 385 Mermaid Street Laguna Beach, CA 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.
Price
$3,995,000
The Village (VIL)
Orange
4
4 Full
2,000 (approx)
NP23225178
Active
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 investment opportunity, this coastal triplex is an incredible find.
Listing Information
Property Type: Single Family, Triplex, Multi-Family, 3+ Story
4 4 Full
0.06 Acres Assessor 2,000 (approx)
1946 Yes-4 spaces 4
The Village (VIL)
Public
Public Sewer
Neighborhood
School Information
District: Laguna Beach Unified
El Morro Thurston Laguna Beach
Room Information
Bathrooms: Main Level: 4
4
Main Level: 4, Total: 4
Inside,Stacked
Interior Features
Dishwasher,Freezer,Gas Cooktop,Refrigerator,Range Hood
Wood
Central Air, Window/Wall Unit
Other, Forced Air
No Common Walls
Mirrored Closet Door(s),Sliding Doors
2
None
Beamed Ceilings,Furnished,Recessed Lighting
Exterior / Lot Features
4 Garage Spaces, 6 Parking Spaces, 0 Covered Parking Spaces, Garage Faces Front,Garage
Deck,Patio
None
None
City
0-1 Unit/Acre
Driving Directions
Cross Streets: Glenneyre and 2nd
Financial Considerations
64126506
Cash to New Loan
All furniture and furnishings
Listing Price History

Laguna Beach Real Estate

Laguna Beach is located in California. Laguna Beach, California 92651 has a population of 23,347.

The median household income in Laguna Beach, California 92651 is $140,532. The median household income for the surrounding county is $94,474 compared to the national median of $66,222. The median age of people living in Laguna Beach 92651 is 39 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
1/2/2024 Active $3,995,000  USD  MLS info
Tax History (Sourced from Public Records)
year Property Taxes Change Tax Assessment Change
2023 $35,581   USD 141.30% $3,225,484   USD -
2022 $14,745   USD 2.90% $3,225,484   USD 172.12%
2021 $14,329   USD 2.11% $1,185,309   USD 2.00%
2020 $14,033   USD 2.19% $1,162,068   USD 1.04%
2019 $13,732   USD 2.26% $1,150,153   USD 2.00%
Listing Agent: Tim Smith CalDRE: 01346878 - Coldwell Banker Realty, 949.478.2295
crmls logo
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/5/2024 7:34 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
We'll help you find your dream home!
Contact Customer Service
(555) 555-5555