Homes for sale - 385 Mermaid, Laguna Beach, CA 92651

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Leo Peak

leo@leopeak.com +1(415) 816-1469

$ 3,150,000

Est. payment | -/mo

5 Beds

3 Baths

2,000 SqFt

Save

$ 3,150,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,000 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $1,575

MLS Listing ID CROC25108976

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1945

Lot Size 2,614 Sqft

Acres 0.06

Property Sub-Type Single Family Residence

Property Description

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 residencesâ€”two spacious 2-bedroom, 1-bath units and a light-filled studioâ€”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 propertyâ€™s prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity. Whether youâ€™re an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern Californiaâ€™s most sought-after beach communities.

Location

State CA

County Orange

Interior

Heating Forced Air

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Other, Inside

Exterior

Garage Spaces 4.0

Pool None

View Y/N true

View City Lights, Hills

Total Parking Spaces 4

Private Pool false

Building

Level or Stories Three or More Stories

New Construction No

Schools

School District Laguna Beach Unified

Others

Tax ID 64126506

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Katin Reinhardt • Coldwell Banker Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(415) 816-1469

leo@leopeak.com

39899 Balentine Dr # 200, Newark, CA, 94560, United States

385 Mermaid Laguna Beach, CA 92651