Live-Work Space with Art
For Sale
$899,000
Pending
2375 Laguna Canyon Road, Laguna Beach, CA 92651
A second-floor one-bedroom residence sits above a work area with a roll-up door, mezzanine, and separate clean and dirty rooms.
Property Size5,068 SF
Days on Market336
Property Features for 2375 Laguna Canyon Road
General Information
Standard status
Pending
Size
5,068 SF
Property subtype
Mixed Use
Building Details
Building Size
5,068 SF
Year Built
1990
Listing Agency:
RE/MAX Fine Homes
(949) 644-2144
Listed By:
Linda Hartman · License #01096499
(949) 640-6288
Source:
Canadaygroup
Added: Dec 4, 2025
Changed: Nov 3
Last Checked: Nov 4 at 6:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Fine Homes
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Investment Insights
Based on property information with market context.
This 5,068-square-foot property is offered as a half interest, with shared maintenance responsibilities. The work area spans 1,100 square feet and has 16-foot ceilings, a full-height roll-up door, an enclosed clean room and dirty room, and an overhead track and hoist. A finished 350-square-foot mezzanine overlooks the space. Above it, the residence offers more than 900 square feet, with one bedroom, an open living area, kitchen, walk-in closet, full bathroom, and balcony.
Built in 1990, the property is on Laguna Canyon Road in Laguna Beach. The Festival of the Arts is approximately half a mile away, and Laguna College of Art and Design is within walking distance.
Built in 1990, the property is on Laguna Canyon Road in Laguna Beach. The Festival of the Arts is approximately half a mile away, and Laguna College of Art and Design is within walking distance.
Key Highlights
- Half interest in a 5,068‑square‑foot property with shared maintenance responsibilities
- 1,100‑square‑foot work area with 16‑foot ceilings and a full‑height roll‑up door
- 350‑square‑foot finished mezzanine overlooking the work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,755
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,555,100
$1.6M
Cap Rate 7%
$1,110,786
$1.1M
Cap Rate 9%
$863,944
$863.9K
Market Conditions
NOI Build-Up for 5,068 SF
Gross rent
$96.1K $18.96/SF
− Vacancy
−$4.6K −$0.91/SF
EGI
$91.5K $18.05/SF
− OpEx
−$13.7K −$2.71/SF
NOI
$77.8K $15.34/SF
Area
Orange County, CA
Vacancy
4.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,555,100
Cap Rate 7%
$1,110,786
Cap Rate 9%
$863,944
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,661 @ 7.0% cap · market cap 11.09%
Second Best
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,523 @ 7.0% cap · market cap 9.51%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,157 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
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Business Placement
Demographics for 92651, CA
24,096
Population
13,913
Households
1.7
Avg Household Size
52
Median Age
68%
College-Educated
98%
High-School Grad
22.1 sq mi
ZIP Area
1,090
Density / Sq Mi
$143,569
Median Household Income
$77,830
Median Earnings
$2,812
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - A second-floor one-bedroom residence sits above a work area with a roll-up door, mezzanine, and separate clean and dirty rooms.
Where is this live-work space located?
The property is located at 2375 Laguna Canyon Road Laguna Beach, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Half interest in a 5,068‑square‑foot property with shared maintenance responsibilities; 1,100‑square‑foot work area with 16‑foot ceilings and a full‑height roll‑up door; 350‑square‑foot finished mezzanine overlooking the work area
