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377 Mermaid St, Laguna Beach, CA 92651
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377 Mermaid St Laguna Beach, CA 92651

$4,600,000 Sold Price as of 08/25/2021
  • 4 Beds
  • 6 Baths
  • 3,455 Sq.Ft.
Sold
$4,600,000 Sold Price as of 08/25/2021 Refinance Your Mortgage
Map preview of 377 Mermaid St, Laguna Beach, CA 92651

Property Overview: 377 Mermaid St Laguna Beach, CA has 4 bedrooms, 6 bathrooms, 3,455 living square feet and 2,625 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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...

Listed by Azita Sadeghi | BRE #01444611 | Compass
Last checked: 1 minute ago | Last updated: October 3rd, 2022 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft
2,625
HOA Dues
$0/mo
Year built
1965
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21112221
City
Laguna Beach
County
Orange
Time on Site
1067 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 3
  • # of Electric Meters: 6
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $16,200
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $3,000
  • Total Rent: $36,000
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $4,500
  • Total Rent: $54,000
  • Pro Forma/Market Rent: $4,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $4,800
  • Total Rent: $57,600
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $7,000
  • Total Rent: $84,000
  • Pro Forma/Market Rent: $7,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.43%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $247,800
  • Net Operating Income: $173,683
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $74,117
  • Electric: $1,486
  • Gas/Fuel: $0
  • New Taxes: $62,250
  • Trash: $0
  • Cable TV: $3,000
  • Gardener: $2,600
  • Insurance: $4,218
  • Maintenance: $563
  • Professional Management: $0
  • Water/Sewer: $1,265

Property Details for 377 Mermaid St

Interior Features
Cooling Information
  • Has Cooling
  • Dual, Zoned
Heating Information
  • Has Heating
  • Wall Furnace, Electric
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • Flooring: Wood
  • Galley Kitchen, Living Room, Multi-Level Bedroom, Separate Family Room
Kitchen Information
  • Has Appliances
  • Freezer, Disposal, Refrigerator, Tankless Water Heater
Interior Features
  • Balcony, Chair Railings, Corian Counters, Recessed Lighting
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Canyon, City Lights, Ocean
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 64126507
  • Year Built Source: See Remarks
  • Architectural Style: Cape Cod, Cottage
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
  • Utilities: Cable Available
Location / Neighborhood
Location Information
  • Subdivision Name: The Village (VIL)
  • Directions: Cross Streets: Glenneyre
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Laguna Beach Agent

Sale History for 377 Mermaid St

Last leased for $3,395 on October 1st, 2022

  • October, 2022

  • Oct 1, 2022

    Date

    Leased

    CRMLS: OC22209563

    $3,395

    Price

  • Sep 26, 2022

    Date

    Active

    CRMLS: OC22209563

    $3,395

    Price

  • Listing provided courtesy of CRMLS

    Located in the heart of Laguna Beach is our Mermaid property. Highly desired location for those who love the beach, hiking, world class shopping and restaurants. Our fully furnished studio unit, features a bright and open living area with stainless steel appliances in the kitchen which include a Fridge, dishwasher, built in Oven / Stovetop. Kitchen and bathroom are fully upgraded with In-Unit Washer / Dryer. The unit comes with 1 garage space. Utilities paid for by owner.

  • August, 2021

  • Aug 25, 2021

    Date

    Sold

    CRMLS: OC21112221

    $4,600,000

    Price

  • Aug 10, 2021

    Date

    Pending

    CRMLS: OC21112221

    $4,750,000

    Price

  • Jul 27, 2021

    Date

    Active Under Contract

    CRMLS: OC21112221

    $4,750,000

    Price

  • May 26, 2021

    Date

    Active

    CRMLS: OC21112221

    $4,750,000

    Price

Show More

Tax History for 377 Mermaid St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

377 Mermaid St sold on August 25, 2021 for 72.73% higher than the current median sold price for the city of Laguna Beach which is $2,750,000. The median sold price per/sqft for Laguna Beach is $1,833 and this home is sold at $1374.82 per/sqft which puts the price per square foot 25% lower than the current median sale per square foot for the city of Laguna Beach.

About 377 Mermaid St

Detailed summary of property

377 Mermaid St is a multi family that recently sold in Laguna Beach, CA 92651. This multi family property offered 4 bedrooms, 6 bathrooms, roughly 3,455 living square feet, and sits on an approximately 2,625 square foot lot. 377 Mermaid St was first listed on ArdentRealEstateGroup.com on May 26, 2021. The homeowner sold the property for $4,600,000. Home in Laguna Beach are selling for a median price of $2,750,000 and a median price per square foot of $1,833. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 72.73% higher than the current median priced home. Local homes that are currently for sale include 410 Clubhouse Ave, 3912 River Ave and 4015 Marcus Ave. While the average home in Laguna Beach, CA is selling in 104 days, 377 Mermaid St has a days on market of 60 days. There are currently 159 homes for sale in the Laguna Beach real estate market and 139 of them are single family homes while 19 of them are condos and 1 are townhomes. For more information on this home for sale at 377 Mermaid St Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 377 Mermaid St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,806
Median Sold Price
$2,750,000
Median Sold Price/Sq.Ft.
$1,833
Total Inventory
162
Median Sale to List Price %
85.94%
Avg Days on Market
70
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (40.91%), Other (31.82%)

Thinking of Selling?

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Homes for Sale Near 377 Mermaid St

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Recently Sold Homes Near 377 Mermaid St

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385 Mermaid St
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8 Beds
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420 Bent St, Laguna Beach, CA 92651
$1,625,000 Last Sold Price
3 Beds
3 Baths
1400 Sq.Ft.
420 Bent St
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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, 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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