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385 MERMAID ST LAGUNA BEACH, CA 92651
- Multi-family (5 or more units) / Resale (MLS)
Property Details for 385 MERMAID ST, LAGUNA BEACH, CA 92651
Features
- Price/sqft: $1,997
- Lot Size: 2751
- Total Units: 4
- Total Rooms: 10
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Living Room
- Stories: 100
- Roof Type: Composition Shingle
- Heating: Forced Air Heating
- Construction Type: Frame
- Exterior Walls: Stucco
Facts
- Year Built: 01/01/1945
- Property ID: 844731537
- MLS Number: NP23225178
- Parcel Number: 641-265-06
- Property Type: Multi-family (5 or more units)
- County: ORANGE
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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 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 partial city light and neighborhood viewsan 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, spread across four stories, including the garage. Bridging the unique charm of Laguna Beach living with a compelling investment opportunity, this coastal triplex is an incredible find.
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Property Brokerage:
Coldwell Banker Residential Brokerage
840 Newport Center Drive, Ste. 100
Newport Beach
CA
92660
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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