385 Mermaid, Laguna Beach, CA 92651

Local realty services provided by:ERA Excel Realty
385 Mermaid,Laguna Beach, CA 92651
$3,150,000
  • 5 Beds
  • 3 Baths
  • 2,000 sq. ft.
  • Single family
  • Pending
Listed by:katin reinhardt
Office:coldwell banker realty
MLS#:OC25108976
Source:CRMLS

Price summary

  • Price:$3,150,000
  • Price per sq. ft.:$1,575

About this home

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.
 
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Home facts

  • Year built:1945
  • Listing ID #:OC25108976
  • Added:138 day(s) ago
  • Updated:September 26, 2025 at 07:31 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Year built:1945
  • Building area:2,000 sq. ft.
  • Lot area:0.06 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,150,000
  • Price per sq. ft.:$1,575
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