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$2,940,000

  • Sold
  • Closed
  • Triplex
  • 5 Beds
  • 3 Full Baths
  • 2,000 Sq. Ft.
  • 4 Car Garage
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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.

Full Property Details for 385 Mermaid

General

  • Sold For: $2,940,000
  • Status: Closed
  • Type: Triplex
  • Source: MRMLS
  • MLS ID: OC25108976
  • Added to Site: 261 day(s) ago

Interior

  • Rooms/Areas: Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Interior Features: Balcony
  • Fireplace(s): None

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside, Stackable

Additional Information

  • Pool Description: None

Parking

  • Garage: Yes
  • Garage Spaces: 4

Location

  • County: Orange
  • Subdivision: The Village (VIL)
  • Driving Directions: Cross streets are Glenneyre and 2nd

School Information

  • School District: Laguna Beach Unified

Community

  • Community Features: Curbs

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Triplex
  • Common Walls: No Common Walls
  • Entry Location: 1
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 2,000
  • Sq. Ft. Source: Public Records
  • Year Built: 1945
  • Year Built Source: Public Records

Lot Features

  • Property View: City Lights, Hills
  • Lot Size (Acres): 0.06
  • Lot Size Source: Public Records
  • Lot Dimensions: 2614
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $1,470

Disclosures and Reports

  • Special Conditions: Standard

Meet the listing agent

Meet the listing agent
— 385 Mermaid —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 385 Mermaid

School District:Laguna Beach Unified School District
NameGradesDistance
El Morro Elementary School
8681 North Coast Highway, Laguna Beach, CA 92651
K-52.9 mi
Thurston Middle School
2100 Park Avenue, Laguna Beach, CA 92651
6-81.1 mi
Laguna Beach High School
625 Park Avenue, Laguna Beach, CA 92651
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 385 Mermaid

Date
Details
Price
Change
Source
10/14/2025
Sold
$2,940,000
-6.67%
MLS
7/31/2025
Price Reduced
$3,150,000
-5.97%
MLS
5/16/2025
Listed
$3,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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385 Mermaid, Laguna Beach, CA 92651 (MLS# OC25108976) is a Triplex property that was sold at $2,940,000 on October 14, 2025. This property was listed by Katin Reinhardt from our Laguna Beach Office.Want to learn more about 385 Mermaid? Do you have questions about finding other Triplex real estate for sale in Laguna Village? You can browse all Laguna Village real estate or contact a Coldwell Banker agent to request more information.