NBVP has recently merged with Burr White Realty, providing over 130 of the finest vacation rentals Newport Beach has to offer! Read more

Offered For Sale

385 Mermaid Street

#NP23225178

RES

4/4

Built in 1946

$3,995,000

About the property

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.

Features

General

  • Half Bathrooms 0
  • Real Estate Sub Type Triplex
  • Real Estate Type RES
  • Square Feet 2,000
  • Stories 4
  • Year Built 1,946
  • Agent Name Tim Smith
  • Broker Id U6312
  • Office Name Coldwell Banker Realty
  • Days On Market 0
  • Status Active
  • Agent Cell 949.478.2295

Building

  • Cooling Central Air
    Wall/Window Unit(s)
  • Flooring Wood
  • Heating Forced Air
  • Interior Features Beamed Ceilings
    Furnished
    Recessed Lighting

Schools

  • Elementary School El Morro
  • Middle School Thurston
  • High School Laguna Beach

Location

  • Subdivision The Village (VIL)
  • View City Lights

Location

Questions

Human check: how many dogs are below?

       

Submit