Property Details
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 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.
MLS Listing Information
MLS #
CROC25108976
MLS Source
California Regional MLS
Interior Features
Bedrooms
Ground Floor Bedroom
Appliances
Other
Fireplace
None
Laundry
Other, Stacked Only
Cooling
Central Forced Air
Heating
Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Elementary District
Laguna Beach Unified
High School District
Laguna Beach Unified
HOA Fee
$0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
385 Mermaid is a Triplex in Laguna Beach, CA 92651. This 2,000 square foot property sits on a 2,614 Sq Ft Lot and features 5 bedrooms & 3 full bathrooms. It is currently priced at $2,940,000 and was built in 1945. This address can also be written as 385 Mermaid, Laguna Beach, CA 92651.
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This listing information is up-to-date as of October 16, 2025. For the most current information, please contact Katin Reinhardt
