16232 Pacific Coast HwyHuntington Beach, CA 92649

Property Details for 16232 Pacific Coast Hwy

Year built

1949

Lot size

0.17 AC

Property size (Sq ft)

2,940 SF

Property type

Commercial real estate

APN

178-581-21

APU

17858121

Description

Exceptional investment opportunity: a thriving restaurant in Huntington Beach, California. This freestanding, 3,121 square foot building sits on a 0.28-acre lot at 16232 Pacific Coast Highway, just one block from the ocean and near Seal Beach. Built in 1960 and extensively renovated in 2022, the property boasts 15 parking spaces and is zoned for commercial use. The current restaurant operation offers a strong net operating income (NOI) of $175,000, resulting in a 5.00% capitalization rate. The asking price for the entire property is $3,500,000. The property includes a transferable full liquor license. The city permits a change of concept, or the existing restaurant business can be purchased separately for $349,000. This prime location attracts both tourists and locals, making it an ideal investment for owner-users or those seeking a high-return opportunity. The property's APN is 178-581-21. This is a 100% ownership opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $798,998

  Hospitality

  $731,878

  Educational

  $608,914

  Medical

  $629,855

  Retail

  $947,199

Location Insight

City

Huntington Beach

County

Orange

State

California

Latitude

33.7265

Longitude

-118.08

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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