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ArtLofts 20412 Laguna Canyon Rd 28 Unit Apartment Building $17,000,000 ($607,143/Unit) 4% Cap Rate Laguna Beach, CA 92651
INVESTMENT HIGHLIGHTS
- Newly constructed 28-unit live/work community completed in 2023, designed specifically for artists and creative professionals.
- Superb on-site amenities including an art gallery, multi-media lounge, nine open-air work decks, outdoor BBQ terrace, EV charging, & covered parking.
- Highly functional live/work layouts including studios, two-story studios, and two-story 2-bedroom studios.
- Premium loft-style units w/ polished concrete floors, quartz counters, oversized sliding doors, individual HVAC, GE appliances, & smart keyless entry.
- Strong artist-focused demand supported by Laguna Beach’s Creative Occupancy Covenant, ensuring units are leased by qualifying practicing artists.
- Serene canyon setting just minutes from Main Beach, downtown Laguna, Sawdust Festival, LCAD, and multiple hiking trails.
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire ArtLofts Laguna Beach. Offering 28 newly constructed, live/work mulitfamily units, ArtLofts is a community designed by artists for artists.
Completed in 2023, ArtLofts Laguna Beach represents a rare, newly-constructed investment opportunity unlike anything the city has ever offered. Situated on two parcels totaling 38,783 SF at 20412 Laguna Canyon Road, this one-of-a-kind property blends modern design, authentic artist-community living, and Laguna’s legendary creative legacy.
The property offers 28 single- and two-story live/work lofts plus on-site gallery space. Each loft delivers premium finishes: polished concrete floors, individual HVAC, GE appliances, quartz counters, zero-threshold showers, oversized sliding doors to balconies, keyless phone-as-key entry, and full pre-wiring for TVs and high-speed internet.
Shared amenities set ArtLofts apart: nine open-air communal work decks, an on-site commercial art gallery, digital media lounge, community Wi-Fi, BBQ terrace with TVs, and a high-capacity freight elevator.
Nestled in tranquil Laguna Canyon yet only minutes from Main Beach, downtown shops, restaurants, and galleries, ArtLofts delivers serene, nature-wrapped living with effortless access to everything that makes Laguna Beach iconic.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Completed in 2023, ArtLofts Laguna Beach represents a rare, newly-constructed investment opportunity unlike anything the city has ever offered. Situated on two parcels totaling 38,783 SF at 20412 Laguna Canyon Road, this one-of-a-kind property blends modern design, authentic artist-community living, and Laguna’s legendary creative legacy.
The property offers 28 single- and two-story live/work lofts plus on-site gallery space. Each loft delivers premium finishes: polished concrete floors, individual HVAC, GE appliances, quartz counters, zero-threshold showers, oversized sliding doors to balconies, keyless phone-as-key entry, and full pre-wiring for TVs and high-speed internet.
Shared amenities set ArtLofts apart: nine open-air communal work decks, an on-site commercial art gallery, digital media lounge, community Wi-Fi, BBQ terrace with TVs, and a high-capacity freight elevator.
Nestled in tranquil Laguna Canyon yet only minutes from Main Beach, downtown shops, restaurants, and galleries, ArtLofts delivers serene, nature-wrapped living with effortless access to everything that makes Laguna Beach iconic.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,120,849
|
$68.22
|
| Other Income |
$86,156
|
$5.24
|
| Vacancy Loss |
$33,625
|
$2.05
|
| Effective Gross Income |
$1,173,380
|
$71.41
|
| Taxes |
$172,695
|
$10.51
|
| Operating Expenses |
$320,082
|
$19.48
|
| Total Expenses |
$492,777
|
$29.99
|
| Net Operating Income |
$680,603
|
$41.42
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,120,849 |
| Annual Per SF | $68.22 |
| Other Income | |
|---|---|
| Annual | $86,156 |
| Annual Per SF | $5.24 |
| Vacancy Loss | |
|---|---|
| Annual | $33,625 |
| Annual Per SF | $2.05 |
| Effective Gross Income | |
|---|---|
| Annual | $1,173,380 |
| Annual Per SF | $71.41 |
| Taxes | |
|---|---|
| Annual | $172,695 |
| Annual Per SF | $10.51 |
| Operating Expenses | |
|---|---|
| Annual | $320,082 |
| Annual Per SF | $19.48 |
| Total Expenses | |
|---|---|
| Annual | $492,777 |
| Annual Per SF | $29.99 |
| Net Operating Income | |
|---|---|
| Annual | $680,603 |
| Annual Per SF | $41.42 |
PROPERTY FACTS
| Price | $17,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $607,143 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.89 AC |
| Cap Rate | 4% | Building Size | 16,431 SF |
| Gross Rent Multiplier | 14.08 | No. Stories | 2 |
| No. Units | 28 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 2.74/1,000 SF |
| Property Subtype | Apartment |
| Price | $17,000,000 |
| Price Per Unit | $607,143 |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 14.08 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.89 AC |
| Building Size | 16,431 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 2.74/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Deck
- Office
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Gated
- Grill
- Walking/Biking Trails
- Car Charging Station
- Elevator
- Lounge
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 28 | - | 497 - 1,317 |
PROPERTY TAXES
| Parcel Number | 629-051-23 | Total Assessment | $5,720,352 |
| Land Assessment | $846,586 | Annual Taxes | $172,695 ($10.51/SF) |
| Improvements Assessment | $4,873,766 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
629-051-23
Land Assessment
$846,586
Improvements Assessment
$4,873,766
Total Assessment
$5,720,352
Annual Taxes
$172,695 ($10.51/SF)
Tax Year
2025 Payable 2025
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ArtLofts | 20412 Laguna Canyon Rd
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