385 Mermaid, Laguna Beach, CA 92651 - Photo 1 of 30, Laguna Beach, CA
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Sold$2,940,000on Oct 14, 2025

385 Mermaid, Laguna Beach, CA 92651

Coldwell Banker Realty
5Beds
3Baths
2,000Sq Ft
4Parking
1945Built
129Days Listed

About This Property

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 residencestwo spacious 2-bedroom, 1-bath units and a light-filled studioeach 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 propertys prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity. Whether youre an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern Californias most sought-after beach communities.

Katin ReinhardtColdwell Banker Realty949-491-6040

Property Location

Map

Property Details

Property Type
Multi-Unit
Bedrooms
5
Bathrooms
3
Building Area
2,000 Sqft
Living Area
2,000 sqft
Year Built
1945
Stories
0.0
Status
Sold
Days on Market
129
Cumulative Days on Market
114
Original Price
$3,350,000

Location & Neighborhood

Local schools, parks, transit, and amenity information is being gathered for this listing. Check back soon for detailed neighborhood insights.

Laguna Beach Market Snapshot

175

Active Listings

$4.4M

Median Price

113

Avg Days on Market

Last updated: Mar 26, 2026

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Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.

$3,150,000