ArtLofts is a 28-unit multifamily property with a commercial art gallery and a flexible event space, situated on Laguna Canyon Road in the highly sought-after city of Laguna Beach, California. Built in 2023, the ArtLofts has a mix of single- and two-story work/live studios. At a cap rate of 4%, the ArtLofts is the highest cap rate listing currently being offered for sale in Laguna Beach. Seller Financing Available.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 29
- Full Bathrooms: 29
Land Info
- Lot Size Acres: 0.8903352
- Lot Size Source: Assessor
- Lot Size Square Feet: 38783
Garage and Parking
- Garage Description: Garage
- Parking Total: 45
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 29
- Unit Type: Apartments
- Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 19479, 2 BathsTotal: 1, 2 SquareFeet: 2950, 3 BathsTotal: 1, 3 SquareFeet: 12550, 4 BathsTotal: 1, 4 SquareFeet: 22485, 5 BathsTotal: 1, 5 SquareFeet: 13450, 6 BathsTotal: 1, 6 SquareFeet: 15200, 7 BathsTotal: 1, 7 SquareFeet: 2950, 8 BathsTotal: 1, 8 SquareFeet: 6300, 9 SquareFeet: 1800
Rental Info
- Gross Scheduled Income: 1162133
Other Property Info
- Source Listing Status: Active
- County: Orange
- Cap Rate: 4
- Directions: From CA-133 S toward Laguna Beach, Property will be on the left
- Source Property Type: Residential Income
- Area: Laguna Canyon
- Source Neighborhood: Laguna Canyon
- Parcel Number: 629-051-23
- Postal Code Plus 4: 1285
- Source System Name: C2C
Commercial Info
- Net Operating Income: 691697
- Operating Expense: 470435
Building and Construction
- Total Square Feet Living: 16895
- Levels: Two Level
- Living Area Source: Assessor
- Levels or Stories: 2