5662 Atlantic AveLong Beach, CA 90805

Property Details for 5662 Atlantic Ave

Year built

1929

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

2,400 SF

Zone code

LBCCA

Property type

Turn key restaurants

APN

7127-006-007

APU

7127006007

Description

This exceptional opportunity presents the acquisition of a well-established restaurant located at 5662 Atlantic Avenue in Long Beach, California, within Los Angeles County (zip code 90805). The property, classified as Special Purpose, is offered at an asking price of $190,000. This landmark establishment boasts a rich history, having operated successfully for over four decades. The sale includes all existing equipment and fixtures, representing a truly turnkey operation. The fully equipped kitchen features a walk-in refrigerator and freezer, ensuring efficient food preparation and storage. A valuable asset included in the sale is a current beer and wine license, streamlining the transition for the new owner. The restaurant enjoys a prime location in a well-known and high-traffic business area, benefiting from consistent customer flow. Operating seven days a week, this business demonstrates a proven track record and significant earning potential. The property's coordinates are 33.8592363 latitude and -118.1846666 longitude. This is a rare chance to own a thriving, established restaurant with a strong reputation and immediate income generation. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $869,294

  6.5%

  $802,426

  7%

  $745,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,929,191

  Geo Method

  $1,929,191

• Alternative Use

  Use

  Valuation

  Residential

  $676,876

  Hospitality

  $620,015

  Educational

  $515,845

  Medical

  $533,586

  Retail

  $802,426

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.8592

Longitude

-118.185

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@paperhouses.co and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@paperhouses.co.