$3,195,000
3Beds3Baths1,445SqFt
380 ThaliaLaguna Beach, CA 92651The Village
Sold
385 Mermaid sold on October 14, 2025 for $2,940,000, 6.7% below the $3,150,000 asking price after 553 days on the market, including an earlier listing; it was first listed at $3,350,000. The details are below for reference.
$2,940,000
385 Mermaid Laguna Beach, CA 92651
SubdivisionThe Village
5Beds
3Total Baths
3Full Baths
2,000SqFt
$1,470$/SqFt
1945Built
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.
General Features
- Property Type
- Triplex
- MLS Number
- OC25108976
- Year Built
- 1945
- Living Area (sq ft)
- 2,000
- Living Area Source
- Public Records
- Lot Size (sq ft)
- 2,614
- Lot Size (acres)
- 0.06
- Levels
- Three Or More
- Bedrooms
- 5
- Full Baths
- 3
- Garage Spaces
- 4
- Parking Spaces
- 4
- View
- City Lights, Hills
- Parcel Number
- 64126506
- On Market Date
- 2025-05-16
- Listing Terms
- Standard
Interior Features
- Interior Features
- Balcony, Bedroom On Main Level
- Heating
- Forced Air
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Inside, Stacked
- Main Level Bedrooms
- 2
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Zero To One Unit Acre
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 3
Community Features
- Subdivision
- The Village (VIL)
- Community Features
- Curbs
Schools
- School District
- Laguna Beach Unified
Property Details for 385 Mermaid
This 5-bedroom, 3-bath home sits in the The Village neighborhood of Laguna Beach in Orange County. It offers 2,000 square feet of living space. The home was built in 1945. The MLS record lists the assessor parcel number as 641-265-06. Highlights include city lights and hill views, a four-car garage, and central air. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Property History
385 Mermaid was relisted on May 16, 2025 at $3,350,000.
About The Village
The Village is Laguna Beach's downtown core, where Forest Avenue and South Coast Highway meet walkable blocks of art galleries, storefronts, and restaurants. It fronts Main Beach Park and the bluff-top trails of Heisler Park, sits within Laguna Beach Unified School District, and keeps its historic gallery-town character along the coast.
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Listed by Katin Reinhardt of Coldwell Banker Realty
This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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