$17,175,000

Estimated payment $111,210/month

Total Views 1,729
-- Bed
29 Baths
16,895 Sq Ft
$1,017 Price per Sq Ft

Highlights

  • 0.57 Acre Lot
  • El Morro Elementary School Rated A+
  • 45 Car Garage

About This Home

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.

Listing Agent

Mike O’Neill

CB Richard Ellis, Inc. License #02036937 Listed on: 07/16/2025

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.57 Acre Lot

Parking

  • 45 Car Garage

Home Design

Interior Spaces

  • 29 Bathrooms
  • 16,895 Sq Ft Home
  • 2-Story Property

Community Details

  • 29 Units

Listing and Financial Details

  • Assessor Parcel Number 629-051-23

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 16895
  • Lot Acreage: 0.5747
  • Stories: 2
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 29.00
  • Price Per S Q F T: 1016.57

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 45

Lot Info

  • Assessed Improvement Percent: 84.65
  • Assessed Improvement Value: 4575705
  • Assessed Land Percent: 15.35
  • Assessed Land Value: 829987
  • Total Assessed Value: 5405692
  • Assessor Parcel Number: 629-051-23
  • Lot Size Area: 38783

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 14.36
  • Number Of Units: 29
  • Total Annual Expense: 470435
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Price Changed $3,200 +8.5% $7 / Sq Ft
08/05/2025 08/05/25 Price Changed $2,950 0.0% $7 / Sq Ft
07/16/2025 07/16/25 For Sale $17,175,000 0.0% $1,017 / Sq Ft
03/23/2025 03/23/25 Price Changed $3,200 -3.0% $7 / Sq Ft
03/11/2025 03/11/25 Price Changed $3,300 +3.1% $8 / Sq Ft
12/28/2024 12/28/24 Price Changed $3,200 +6.7% $7 / Sq Ft
12/14/2024 12/14/24 Price Changed $3,000 -9.1% $7 / Sq Ft
11/20/2024 11/20/24 Price Changed $3,300 +6.5% $8 / Sq Ft
11/20/2024 11/20/24 Price Changed $3,100 +3.3% $7 / Sq Ft
10/22/2024 10/22/24 Price Changed $3,000 +7.1% $7 / Sq Ft
08/14/2024 08/14/24 Price Changed $2,800 -6.7% $6 / Sq Ft
06/14/2024 06/14/24 Price Changed $3,000 -6.3% $7 / Sq Ft
03/25/2024 03/25/24 For Rent $3,200 +8.5% --
03/21/2024 03/21/24 Price Changed $2,950 -- $7 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25566091

The MLS