31715 S Coast Highway, Laguna Beach, CA 92651
Commercial property
Sold March 2026
Listing Agent: Kenneth Guziak (DRE #01487719) · Listing Office: Coldwell Banker Realty · Contact: 949-990-0093 · Bought with: Nicole Christoff Barrick · Coldwell Banker Realty · MLS #LG25012294 · Source: CRMLS
How this sale compares
31715 S Coast Highway sold for $2,343,000 in March 2026, 8.1% under its $2,550,000 list price, after 311 days on the market. It was first listed at $2,675,000.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
Located in the heart of South Laguna overlooking Table Rock Beach, this unique ocean-view property fronts Pacific Coast Highway, is highly visible, and has served as a successful restaurant space for years (Thai by the Sea). Consisting of two adjacent parcels, the property encompasses two separate structures, plus parking for 5 or 6 cars. The front structure is a 2-level remodeled restaurant space directly on Coast Highway, with kitchen area, bathroom, indoor and outdoor customer seating at street level (~1255 sf), plus additional bathrooms, storage and laundry space underneath (~300 sf). Further, the crawlspace underneath could be improved for additional retail/restaurant space (~900 sf unfinished). The rear structure is a remodeled single-level "studio" which can serve as additional restaurant space, or an entirely separate retail space such as a boutique or yoga studio (~400 sf). The two structures are separated by a private, gated, landscaped, flat, decomposed-granite courtyard which may also serve as additional eating space. Improvements include new flooring and vaulted ceilings, new bathrooms, doors and windows. South Laguna is an up-and-coming village neighborhood that embodies the original "true Laguna" vibe and beach culture. Wine and beer license are transferable to the new owner.
Listing description from the March 2026 sale, as reported to CRMLS.
Sale history