377 Mermaid Street
377 Mermaid Street
Closed 8/25/21
Closed 8/25/21
Description
A must see...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...
Listing Agent
![Azita Sadeghi]()
azita.sadeghi@compass.comP: 949.310.9006
Property Details for 377 Mermaid Street
Location
Sold By House of Seven Gables R.E., John Allen, DRE #01939546
Property Details for 377 Mermaid Street
| Status | Closed |
|---|---|
| MLS # | OC21112221 |
| Days on Market | 60 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1965 |
| Lot Size | 0.06 AC / 2,625 SF |
| County | Orange County |
Building
377 Mermaid St
Location
Sold By House of Seven Gables R.E., John Allen, DRE #01939546
Building Information for 377 Mermaid Street
Payment Calculator
$29,457 per month
30 year fixed, 7.25% Interest
$25,104
$4,353
$0
Property Information for 377 Mermaid Street
- Tenant Pays: Cable TV
- Gross Income: $245,400
- Gross Scheduled Income: $247,800
- Net Operating Income: $173,683
- Cap Rate: 3.43
- Financing: Cash
- Operating Expense: $74,117
- New Taxes Expense: $62,250
- Gardener Expense: $2,600
- Cable TV Expense: $3,000
- Fuel Expense: $0
- Electric Expense: $1,486
- Insurance Expense: $4,218
- Maintenance Expense: $563
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $1,265
- Total Expenses: $74,117
- Tax Year: 2014
- Tax Annual Amount: $16,582
- Tax Tract Number: 144
- Tax Lot: 13
- Community Features: Curbs
- Appliances: Freezer, Disposal, Refrigerator, Tankless Water Heater
- Equipment: Freezer, Inside, Refrigerator
- Interior Features: Balcony, Chair Railings, Corian Counters, Recessed Lighting
- Room Type: Galley Kitchen, Living Room, Multi-Level Bedroom, Separate Family Room
- Bedroom Features: Multi-Level Bedroom
- Kitchen Features: Corian Counters, Galley Kitchen
- Water Heater Features: Tankless
- Water Heater Type: Tankless
- Laundry: Yes
- Laundry Features: Inside
- Cooling: Dual, Zoned
- Heating Type: Electric
- Heat Source: Electric
- Heating: Wall Furnace, Electric
- Flooring: Wood
- Entry Location: Ground Level With Steps
- Property Condition: Updated/Remodeled
- View Description: Canyon, City Lights, Ocean
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Yard
- Number Of Units: 5
- Land Lease: No
- Land Lease Type: Fee
- Road Frontage Type: City Street
- Sewer: Unknown
- Utilities: Cable Available
- Water Source: Public
- Garage Spaces: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Builders Tract Name: The Village
- Builders Tract Code: The Village (VIL)
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,350
- Unit Type Total Rent: $16,200
- Unit Type Pro Forma: 3150
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Partially
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $3,000
- Unit Type Total Rent: $36,000
- Unit Type Pro Forma: 3150
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Furnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,500
- Unit Type Total Rent: $54,000
- Unit Type Pro Forma: 4600
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Furnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $4,800
- Unit Type Total Rent: $57,600
- Unit Type Pro Forma: 6000
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Furnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $7,000
- Unit Type Total Rent: $84,000
- Unit Type Pro Forma: 7250
- Unit Type Type: 5
- Number Of Units Leased: 3
- Rent Controlled: No
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 0
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 5
- Number With Range: 5
- Number With Refrigerator: 5
- Number With Disposal: 5
Property History for 377 Mermaid Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 377 Mermaid Street
Schools near 377 Mermaid Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | K to 3 |
Rating | School | Distance |
|---|---|---|
El Morro Elementary School PublicK to 5 | ||
Thurston Middle School Public6 to 8 | ||
Laguna Beach High School Public9 to 12 | ||
LEA Stone PrivateK to 3 |
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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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, Ojai Valley Board 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, Ojai Valley Board 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.