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$3,350,000
New Listing

385 Mermaid
Laguna Beach, CA 92651

For Sale|Triplex|Active
5
Beds
3
Full Baths
0
Partial Baths
2,000
SqFt
$1,675
/SqFt
1945
Built
Subdivision:
The Village (VIL)
County:
Orange
Listed by Katin Reinhardt of Kase Real Estate [email protected]
385 Mermaid385 Mermaid385 Mermaid385 Mermaid
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Monthly Payment (Est.)

$15,284
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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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Listing Snapshot
Price 
$3,350,000
Days On Site 
0 Days
Bedrooms 
5
Inside Area (SqFt) 
2,000 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1945
MLS® Number 
OC25108976
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
13 hours agoListing first seen on site
13 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.06
Garage 
Yes
Garage Spaces 
4
Parking Spaces 
4
Property Sub Type 
Triplex
Sewer 
Public Sewer
Special Circumstances 
Standard
Stories 
Three Or More
Water Source 
Public
Interior Features
Appliances 
Washer/Dryer Stacked
Cooling 
Central Air
Fireplace Features 
None
Heating 
Forced Air
Laundry Features 
Inside
Main Level Bedrooms 
2
Bedroom 
Kitchen 
Laundry 
Living Room 
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Exterior Features
Exterior 
Balcony
Pool Features 
None
View 
City LightsHills
Waterview 
City LightsHills
Community Features
Building Access 
1
Community Features 
Curbs
Financing Terms Available 
Cash
MLS Area 
LV - Laguna Village
School District 
Laguna Beach Unified
Schools
School District
Laguna Beach Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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