20412 Laguna Canyon Rd - Apartments FOR SALE


Laguna Beach, CA 92651
$17,000,000 USD
714-713-9086
20412 Laguna Canyon Rd, Laguna Beach, CA for Sale
$17,000,000 USD
Apartments - FOR SALE
1/72
null | 4% Cap Rate

20412 Laguna Canyon Rd
Laguna Beach, CA 92651


HIGHLIGHTS

  • Newly constructed 28-unit live/work community completed in 2023, designed specifically for artists and creative professionals.
  • Premium loft-style units w/ polished concrete floors, quartz counters, oversized sliding doors, individual HVAC, GE appliances, & smart keyless entry.
  • Superb on-site amenities including an art gallery, multi-media lounge, nine open-air work decks, outdoor BBQ terrace, EV charging, & covered parking.
  • Strong artist-focused demand supported by Laguna Beach’s Creative Occupancy Covenant, ensuring units are leased by qualifying practicing artists.
  • Highly functional live/work layouts including studios, two-story studios, and two-story 2-bedroom studios.
  • Serene canyon setting just minutes from Main Beach, downtown Laguna, Sawdust Festival, LCAD, and multiple hiking trails.

OVERVIEW

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).*

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$1,035 USD /SF

# OF UNITS

28

PRICE/UNIT

$607,143

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ArtLofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

629-051-02,629-051-23

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.