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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
More Sold Properties in Laguna Beach
View allBased 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