417 Poplar Street, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath
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Laguna Beach, California 92651
This Development-Ready Coastal Asset is listed at $3,200,000, reflecting the extreme scarcity of the North Laguna Tree Streets location. While the $2,570,432 Fair Market Value accounts for the existing 1937 structure, the true value lies in the rare Zoning R1 legal nonconforming duplex and permitted ADU. Currently holding a Condition Rating of 5, the property requires significant modernization to fully realize its ocean view potential. This is a premier value-add acquisition for Luxury Developers or High-Net-Worth Investors aiming to build a custom legacy retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 417 Poplar Street Subject | $3,200,000* List Price | 3 | 3 | 2,066 | $1,184 | - |
A 625 High Dr Sold | $2,250,000 | 1 | 3 | 1,906 | $1,180 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1937, this property is marketed as a development opportunity with 'legacy home potential.' The listing explicitly states that significant modernization and substantial capital investment are required to update aging infrastructure and meet modern luxury standards. While currently tenant-occupied, the age and description suggest the kitchen, bathrooms, and major systems are outdated and require rehabilitation.
Situated in the highly coveted 'Tree Streets' of North Laguna, the property offers an unbeatable lifestyle with walking distance to Heisler Park, renowned art galleries, and local dining.
The unique configuration of a legal nonconforming duplex plus a permitted ADU provides rare flexibility for rental income, a multigenerational retreat, or conversion into a grand single-family legacy estate.
Investors can capitalize on existing rental income from the multiple units while navigating Laguna Beach's design and planning process for future renovations or development.
Built in 1937, the property likely requires substantial capital investment and a lengthy permitting process to update aging infrastructure and meet modern luxury standards.
The property is currently tenant-occupied with strict 24-hour notice requirements, which may complicate the due diligence process and delay immediate possession for owner-users.
Think LEGACY HOME potential & MULTIGENERATIONAL RETREAT! *** Receive rental income while going through Laguna's design and planning process. *** Zoned R1 (Single-Family Residential), this legal nonconforming detached duplex plus a permitted detached ADU offers incredible flexibility with ocean view potential. Whether you're an investor seeking additional rental income or a homeowner looking to capitalize on a rare opportunity by converting this into a stunning single-family residence, this property presents exceptional potential in a highly desirable location, The Tree Streets in North Laguna Beach. *** Just a short stroll to renowned art galleries, Heisler Park, local restaurant favorites and convenient public transportation, including Laguna's free trolley. *** This property places you in the center of coastal charm and culture. Enjoy the vibrant energy of Laguna Beach year-round with iconic events such as the Pageant of the Masters, Sawdust Art Festival, and Art-A-Fair, all celebrating the city's deep artistic roots. When the holiday season approaches, don't miss Hospitality Night in December, when the streets come alive with festive lights, music, and community cheer. *** Nestled in one of Laguna's most sought-after neighborhoods, this property blends coastal living with unbeatable convenience, making it a must-see! Don't miss this incredible opportunity to own a piece of Laguna Beach history. *** PLEASE DO NOT DISTURB TENANTS! A STRICT 24 HOUR NOTICE IS REQUIRED for showings by pre-qualified buyers only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,066 | 2,107 | 49% |
| Lot Size | 6,125 | 6,003 | 53% |
| Price | $3.20M | $3.10M | 51% |
| Price per sq ft | $1.5K | $1.6K | 46% |
| Built year | 1937 | 1964 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 259 | 183 | 76% |
Feb 24, 2026
$3,200,000
$2,895,000
+11% Price Increase
Initial Listing
Aug 24, 2025
$2,895,000
$2,995,000
-3% Price Drop
Initial Listing
Aug 6, 2025
$2,995,000
Initial Listing