Laguna Canyon Live-In Artist
For Sale
$979,000
2375 Laguna Canyon Road, Laguna Beach, CA 92651
Unique live-work artist home/studio in Laguna Canyon.
Property Size5,068 SF
Price / SF$193.17
Days on Market390
Property Features for 2375 Laguna Canyon Road
General Information
Standard status
Active
Size
5,068 SF
Property subtype
Mixed Use
Amenities
3
Building Details
Year Built
1990
Listing Agency:
RE/MAX Fine Homes
(949) 249-2424
Listed By:
Linda Hartman · License #01096499
Source:
Xome
Added: Jul 31, 2025
Changed: Aug 23
Last Checked: Aug 24 at 5:06AM
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
Investment Insights
Based on property information with market context.
This unique live-in artist home and studio, constructed in 1990, is situated in the Big Bend artisan area of Laguna Canyon, approximately a half-mile from the Festival of the Arts. The property offers a two-level industrial art studio, presenting an opportunity for an artist to live and work in the same location. The studio/shop space measures 1100 square feet and features a 16-foot ceiling, a full-height roll-up door, an enclosed dirty/clean room, a shared ¾ bath, an overhead tract and hoist running the length of the shop, and a 350-square-foot finished mezzanine overlooking the warehouse. Above the studio/shop is a 900+ square foot one-bedroom home. The second-story home provides views of the natural open space from the rear balcony and the front bedroom. The living quarters include an open floorplan with a large living room with vaulted ceilings, a kitchen, a large master bedroom with a walk-in closet, and a full bathroom. The property is a 1/2 interest of the 5068 sq. ft. (partnership for maintenance, similar to duplex). The property is located within walking distance of Laguna College of Art and Design.
Key Highlights
- Unique live‑in artist home/studio in Laguna Canyon, ideal for artists.
- Two‑level industrial art studio with 1100 sq. ft., 16 ft. ceilings, roll‑up door, and overhead hoist.
- 900+ sq. ft. one‑bedroom home with open floorplan and views of natural open space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,523
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,710,460
$1.7M
Cap Rate 7%
$1,221,757
$1.2M
Cap Rate 9%
$950,256
$950.3K
Market Conditions
NOI Build-Up for 5,068 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$152.0K $30.00/SF
− Vacancy
−$15.2K −$3.00/SF
EGI
$136.8K $27.00/SF
− OpEx
−$51.3K −$10.13/SF
NOI
$85.5K $16.88/SF
Area
Orange County, CA
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,710,460
Cap Rate 7%
$1,221,757
Cap Rate 9%
$950,256
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,661 @ 7.0% cap · market cap 10.18%
Second Best
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,523 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,157 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Unique live-work artist home/studio in Laguna Canyon.
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 $979,000.
What are key features of this property?
This property features: Unique live‑in artist home/studio in Laguna Canyon, ideal for artists.; Two‑level industrial art studio with **1100 sq. ft., 16 ft. ceilings, roll‑up door, and overhead hoist.**; 900+ sq. ft. one‑bedroom home with open floorplan and views of natural open space.
