377 Mermaid Street

Laguna Beach, CA 92651

$4,750,000
Price
4
Beds
6
Baths
3,455 Sq. Ft.
$1,375 / Sq. Ft.
3,455
Sq. Ft.
$1,375
per Sq. Ft.

Description

One of kind income properties in the heart of Laguna Village with indoor/ outdoor living terraces . Completely redesigned and upgraded. Consists of 5 Luxury residences with wood floors ,gourmet kitchen and indoor laundry for each unit. Amazing ocean and city views. A very unique building with great income.
A must see...

Property Details for 377 Mermaid Street

Architectural Style
Cape Cod, Cottage
View
Canyon, City Lights, Ocean
Parking Spaces Total
4
Private Pool
No
Cooling Type
Zoned Area(s)

Location

Listing Courtesy of Compass, Azita Sadeghi, DRE #01444611

Property Details for 377 Mermaid Street

StatusActive
MLS #OC21112221
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.06 AC / 2,625 SF
CountyOrange County

Listing Agent

Contact Agent(s)

Location

Listing Courtesy of Compass, Azita Sadeghi, DRE #01444611

Listing Agent

  1. Azita Sadeghi

    Azita Sadeghi

    Listing Agent

    Compass

    DRE #01444611

Building Information for 377 Mermaid Street

Stories3Residences-Year Built1965Building Size-Lot Size0.06 AC / 2,625 SF

Payment Calculator

$15,919 per month

30 year fixed, 2.95% Interest

Principal and Interest

$15,919

Property Taxes

HOA Dues

$0

Property Information for 377 Mermaid Street

Property Features
    Interior Features
  • Appliances: Freezer, Disposal, Refrigerator, Tankless Water Heater
  • Common Walls: 1 Common Wall
  • Heating Type: Electric
  • Interior Features: Balcony, Chair Railings, Corian Counters, Recessed Lighting
  • Laundry: Yes
  • Laundry Features: Inside
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 5.0
  • Room Type: Galley Kitchen, Living Room, Multi-Level Bedroom, Separate Family Room
    Exterior Features
  • Pool Features: None
    Parking Info
  • Carport Spaces: 0
  • Garage Spaces: 4
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • Entry Location: Ground Level With Steps
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 64126507
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Stories Total: 3
  • Year Built: 1965
  • Year Built Source: See Remarks
    Measurements / Dimensions
  • Building Area Total: 3455
  • Building Area Units: Square Feet
  • Living Area: 3455
Community/Development / Location Info
    School/Location Info
  • Zip Code: 92651
  • Street Number Numeric: 377.0
  • Street Name: Mermaid
  • Street Suffix: Street
  • Country: US
  • County Or Parish: Orange
  • Directions: Cross Streets: Glenneyre
  • Area: Laguna Village (LV)
    Association Information
  • Association: No
  • Community Features: Curbs
  • Association Fee: $.00
  • Subdivision Name: The Village (VIL)
  • Subdivision Name Other: The Village (VIL)
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Lot: 13
  • Tax Tract Number: 144
  • Tax Annual Amount: $16,582
  • Tax Year: 2014
  • Zoning: See Remark
    Income Details
  • Cap Rate: 3.43
  • Gross Income: $245,400
  • Gross Scheduled Income: $247,800
  • Net Operating Income: $173,683
    Expense Details
  • Cable TV Expense: $3,000
  • Electric Expense: $1,486
  • Fuel Expense: $0
  • Insurance Expense: $4,218
  • Maintenance Expense: $563
  • New Taxes Expense: $62,250
  • Operating Expense: $74,117
  • Professional Management Expense: $0
  • Total Expenses: $74,117
  • Trash Expense: $0
  • Utilities: Cable Available
  • Water Sewer Expense: $1,265
  • Gardener Expense: $2,600
Unit Information
    Unit 1
  • Unit Type Actual Rent: $1,350
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 3150
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $16,200
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $3,000
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Pro Forma: 3150
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $36,000
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $4,500
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Pro Forma: 4600
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $54,000
  • Unit Type Type: 3
    Unit 4
  • Unit Type Actual Rent: $4,800
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Pro Forma: 6000
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $57,600
  • Unit Type Type: 4
    Unit 5
  • Unit Type Actual Rent: $7,000
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Pro Forma: 7250
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $84,000
  • Unit Type Type: 5
    Multi-Unit Info
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number With Dishwasher: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: No
  • Tenant Pays: Cable TV
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Acres: .06
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2625
  • Lot Size Units: Square Feet
  • Road Frontage Type: City Street
  • Sewer: Unknown

Property History for 377 Mermaid Street

DateEvent & SourcePriceAppreciation
May 26, 2021

Listed (Active)

CRMLS #OC21112221

$4,750,000
May 25, 2021

Listed (Active)

SDMLS #OC21112221

$4,750,000
May 25, 2021

Listed (Active)

CLAW #OC21112221MR

$4,750,000
DateEvent & SourcePrice
05/26/2021

Listed (Active)

CRMLS #OC21112221

$4,750,000
05/25/2021

Listed (Active)

SDMLS #OC21112221

$4,750,000
05/25/2021

Listed (Active)

CLAW #OC21112221MR

$4,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 377 Mermaid Street

Taxable ValueLand$1,033,654Additions$459,399Total$1,493,053
Tax Record2020$18,988 ($1,582 / month)
Home Facts
Total Finished SqFt3,455 SqFtAbove Grade Finished SqFt3,455 SqFtStories4Lot Size2,827 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyORANGEAPN641-265-07

Schools near 377 Mermaid Street


SchoolTypeGradesDistanceRating
Anneliese SchoolsPrivateK-30.3 mi
NR
Laguna Beach AdultPublic0.4 mi
NR
Laguna Beach High SchoolPublic9-120.4 mi
9
Thurston Middle SchoolPublic6-81.1 mi
9

Anneliese Schools

K-3, 0.3 mi, Private

NR

Laguna Beach Adult

0.4 mi, Public

NR

Laguna Beach High School

9-12, 0.4 mi, Public

9

Thurston Middle School

6-8, 1.1 mi, Public

9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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377 Mermaid Street is a multi-family home for sale in Laguna Beach, CA 92651. This property was listed for sale on May 25, 2021 by Compass at $4,750,000. It has been on the market for a total of 27 days and was last sold on May 16, 2011. This listing's school district is Laguna Beach Unified School District. Nearby schools include Anneliese Schools, Laguna Beach Adult and Laguna Beach High School. 377 Mermaid Street is a 4-bed, 6-bath, 3,455 sqft multi-family home built in 1965. This address can also be written as 377 Mermaid St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Compass, Azita Sadeghi, DRE #01444611

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.