385 Mermaid St Laguna Beach, CA 92651
Main Beach NeighborhoodEstimated payment $20,314/month
Total Views
7,568
5
Beds
3
Baths
2,000
Sq Ft
$1,575
Price per Sq Ft
Highlights
- City Lights View
- Main Floor Bedroom
- Balcony
- El Morro Elementary School Rated A+
- No HOA
- 4-minute walk to Brown's Park
About This Home
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.
Listing Agent
Coldwell Banker Realty Brokerage Phone: 949-491-6040 License #02135077 Listed on: 05/16/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1945
Lot Details
- 2,614 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Property Views
- City Lights
- Hills
Home Design
- Triplex
Interior Spaces
- 2,000 Sq Ft Home
- Living Room
Bedrooms and Bathrooms
- 5 Bedrooms | 2 Main Level Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Additional Features
- Balcony
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- 3 Units
- The Village Subdivision
Listing and Financial Details
- Legal Lot and Block 15 / F
- Tax Tract Number 144
- Assessor Parcel Number 64126506
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Price Changed | $3,150,000 | -6.0% | $1,575 / Sq Ft |
| 05/16/2025 05/16/25 | For Sale | $3,350,000 | +5.9% | $1,675 / Sq Ft |
| 05/25/2022 05/25/22 | Sold | $3,162,240 | -8.3% | $1,581 / Sq Ft |
| 04/02/2022 04/02/22 | Pending | -- | -- | -- |
| 11/29/2021 11/29/21 | Price Changed | $3,450,000 | -2.8% | $1,725 / Sq Ft |
| 05/26/2021 05/26/21 | For Sale | $3,550,000 | -- | $1,775 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Laguna Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25108976
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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