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.
Property Details
Property Features
Property Information:
Year Built: 1946
Stories: 4
Living Area: 2,000 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: 949.478.2295
Listing Agent: Tim Smith
Interior Features
Interior Information:
Appliances: Dishwasher, Freezer, Gas Cooktop, Refrigerator, Range Hood
This property is $620K more than the Median Sold Price and $311/SqFt more than other homes in Laguna Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #NP23225178
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: 949.478.2295
Listing Agent: Tim Smith
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. 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.
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. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 20, 2011
Jun 20, 2011Home Sold
$875,000
Oct 30, 1995
Oct 30, 1995Home Sold
$507,260
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$14,329
$1,162,068
2020
$14,032
$1,150,153
2019
$13,428
$1,127,601
2018
$13,429
$1,105,492
2017
$13,118
$1,083,816
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Top of the World Elementary School
21601 Treetop Ln
Distance between this listing and this school1.70 miles
Public District Grades KG-5
8
/10
El Morro Elementary School
8681 N Coast Hwy
Distance between this listing and this school2.89 miles
Public District Grades KG-5
9
/10
Canyon Vista Elementary School
27800 Oak View Dr
Distance between this listing and this school2.95 miles
Public District Grades KG-5
Nearby Schools
8
/10
Thurston Middle School
2100 Park Ave
Distance between this listing and this school1.09 miles
Public District Grades 6-8
8
/10
Don Juan Avila Middle School
26278 Wood Canyon Dr
Distance between this listing and this school3.87 miles
Public District Grades 6-8
6
/10
Journey
27102 Foxborough
Distance between this listing and this school4.12 miles
Public Charter Grades KG-8
Nearby Schools
9
/10
Laguna Beach High School
625 Park Ave
Distance between this listing and this school0.31 miles
Public District Grades 9-12
9
/10
Aliso Niguel High School
28000 Wolverine Way
Distance between this listing and this school3.81 miles
Public District Grades 9-12
7
/10
Laguna Hills High School
25401 Paseo De Valencia
Distance between this listing and this school5.69 miles
The neighbors living near this home have an average income of $30,743. Most Laguna Beach, CA residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
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This home is located at 385 Mermaid St in Laguna Beach, CA and zip code 92651 in the Main Beach neighborhood. This 2,000 square foot home, which was built in 1946, sits on a 0.06 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 02, 2024 and is currently priced at $3,695,000.
While more than 1 listings in Laguna Beach, CA in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 18 were sold below. The inventory of homes for sale in Laguna Beach, CA between September 2024 and October 2024 increased by 10.9%. The median list price of listings available in October 2024 was $3,075,000, while the average time on the real estate market was 67 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. 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. 
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