#LG25099431, Jill Lockhart, Listing office: Livel Real Estate
#OC25108976·
Listing office: Kase Real Estate·
Listing agent: Katin Reinhardt·
Listing office phone: 949-491-6040
$3,350,000 List price
385 Mermaid Laguna Beach, CA 92651
5 beds
3 full
2,000 sqft
0.06 acres
$1,675 / sqft
Multi-Family
Property details
About 385 Mermaid
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.
Highlights
Home typeTriplex
HeatingForced Air
StatusActive
CoolingCentral Air
Size2,000 sqft
Lot size0.06 Acres
Year built1945
MLS #OC25108976
Garage4 spaces
ViewCity Lights, Hills
Summary
- Full Bathrooms: 3
- Interior: Balcony, Bedroom on Main Level
- Fireplace: None
- Total Bedroom Count: 5
- Garage Space: 4 spaces
- Attached Garage: No
- Private Pool: No
- View: City Lights, Hills
- Heating: Forced Air
- Cooling: Central Air
- List Price: $3,350,000
- Price/SqFt: $1,675
- HOA Amount: $0
- Directions: Cross streets are Glenneyre and 2nd
- Year Built: 1945
- Stories: 0
- Living Area: 2,000 SqFt
- Lot Size: 0.06 Acres
- MLS Number: OC25108976
- MLS Name: CRMLS
- Office Name: Kase Real Estate
- Office Phone: (949) 491-6040
- Listing Agent: Katin Reinhardt
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/15/2025, 5:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
9
Top of the World Elementary School
Public District KG-5
1.7 mi
•21601 Treetop Ln
8
El Morro Elementary School
Public District KG-5
2.9 mi
•8681 N Coast Hwy
9
Canyon Vista Elementary School
Public District KG-5
3.0 mi
•27800 Oak View Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,743. Most Laguna Beach, CA residents have annual incomes less than $<35k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
58%
<35k
25%
35k-100k
9%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
80%
Single, No Kids
4%
Single, with Kids
13%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
3%
12-17 yrs old
22%
18-34 yrs old
54%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Symphony or Opera
Horse Races
Where do the neighbors shop?
Banana Republic
Chico's
Stein Mart
Where do the neighbors go to eat?
Sonic
Boston Market
LongHorn Steakhouse
What do the neighbors drive?
Infiniti
Volvo
Buick
What do the neighbors listen to?
Urban Contemporary
Talk/Personality- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 385 Mermaid
The listing price of 385 Mermaid property is $3,350,000.
The property 385 Mermaid is a multi located in Laguna Beach, California, 92651.
Active Listing: 385 Mermaid is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 385 Mermaid are: Top of the World Elementary School (GreatSchools Rating 9/10), El Morro Elementary School (GreatSchools Rating 8/10), Canyon Vista Elementary School (GreatSchools Rating 9/10), Thurston Middle School (GreatSchools Rating 8/10), Don Juan Avila Middle School (GreatSchools Rating 8/10), Journey (GreatSchools Rating 6/10), Laguna Beach High School (GreatSchools Rating 9/10), Aliso Niguel High School (GreatSchools Rating 9/10), Laguna Hills High School (GreatSchools Rating 7/10).
The property 385 Mermaid is 2,000 SqFt (source: MLS/tax record).
The year of construction for 385 Mermaid is 1945.
This home is located at 385 Mermaid in Laguna Beach, CA and zip code 92651 in the Main Beach neighborhood. This 2,000 square foot home, which was built in 1945, sits on a 0.06 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 16, 2025 and is currently priced at $3,350,000.
In June 2025 more than 1 listings in Laguna Beach, CA were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 20 were sold below. The number of listings in Laguna Beach, CA increased by 4.7% between May and June 2025. While the average time on the market in June 2025 was 62 days, the median list price was $2,900,000.
From Rocket Homes Real Estate and based on county public records data.