The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	28
Year Built	2023

Investment Highlights

New Construction with Desirable Unit Mix
Outstanding Laguna Beach Location
Well Appointed Asset
One-of-a-Kind Work-Live Property
Strong Upside via Utility Cost Reduction
Offered Below Today’s Replacement Cost
Provides a Collaborative Space for the Orange County Arts Community

Property Description

The Mogharebi Group is pleased to present the unique opportunity to acquire ArtLofts, an innovative 28-unit multifamily community anchored by a commercial exhibition / sales gallery and multi-media digital lounge located in Laguna Beach, California. Newly constructed in 2023, ArtLofts is a state-of the- art artist community comprised of one- and two-story work / live industrial studios. Units offer well-appointed modern textures and finishes such as concrete floors, open-beam vaulted ceilings, large clerestory windows, in-unit washer / dryer, and fully equipped kitchens with high-end appliance package. Created by artists for artists, the community requires that one resident per household be a working artist or a student who is also a working artist. Prospective residents must be approved by the City of Laguna Beach Arts Commission and receive an Artists Occupancy Permit.

20412 Laguna Canyon Road
Laguna Beach, CA 92651

Surrounded by over 20,000 acres of coastal conservation land, ArtLofts is located in the heart of Laguna Canyon at 20412 Laguna Canyon Road. The property’s location aids to its appeal being just a short 3 miles from the beach, 2.5 miles from downtown, and 1 mile from Laguna College of Art & Design (LCAD). Additionally, being located less than 6 miles from the 405 Freeway, residents have easy access to the abundance of notable job centers, retail destinations, and entertainment venues that litter Orange County and LA County.