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ArtLofts 20412 Laguna Canyon Rd 28 Unit Apartment Building $23,274,191 CAD ($831,221 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,533,174
|
$93.31
|
| Other Income |
$117,954
|
$7.18
|
| Vacancy Loss |
$45,995
|
$2.80
|
| Effective Gross Income |
$1,605,132
|
$97.69
|
| Taxes |
$236,432
|
$14.39
|
| Operating Expenses |
$438,176
|
$26.67
|
| Total Expenses |
$674,608
|
$41.06
|
| Net Operating Income |
$930,524
|
$56.63
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,533,174 |
| Annual Per SF | $93.31 |
| Other Income (CAD) | |
|---|---|
| Annual | $117,954 |
| Annual Per SF | $7.18 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $45,995 |
| Annual Per SF | $2.80 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,605,132 |
| Annual Per SF | $97.69 |
| Taxes (CAD) | |
|---|---|
| Annual | $236,432 |
| Annual Per SF | $14.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $438,176 |
| Annual Per SF | $26.67 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $674,608 |
| Annual Per SF | $41.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $930,524 |
| Annual Per SF | $56.63 |
Property Facts
| Price | $23,274,191 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $831,221 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.84 AC |
| Cap Rate | 4% | Building Size | 16,431 SF |
| Gross Rent Multiplier | 14.1 | No. Stories | 2 |
| No. Units | 28 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 2.74/1,000 SF |
| Property Subtype | Apartment |
| Price | $23,274,191 CAD |
| Price Per Unit | $831,221 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 14.1 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.84 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
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Gated
- Grill
- Walking/Biking Trails
- Wi-Fi
- 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 Numbers | Total Assessment | $9,014,722 CAD | |
| Land Assessment | $2,276,687 CAD | Annual Taxes | $236,432 CAD ($14.39 CAD/SF) |
| Improvements Assessment | $6,738,035 CAD | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$2,276,687 CAD
Improvements Assessment
$6,738,035 CAD
Total Assessment
$9,014,722 CAD
Annual Taxes
$236,432 CAD ($14.39 CAD/SF)
Tax Year
2025 Payable 2025
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ArtLofts | 20412 Laguna Canyon Rd
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