Renovated Bar and Real
For Sale
$600,000
2332 Pacific Ave, Long Beach, CA 90806
Established bar with renovated property and potential residential unit.
Property Size2,072 SF
Price / SF$289.58
Days on Market273
Property Features for 2332 Pacific Ave
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Retail
Building Details
Year Built
1938
Listing Agency:
SVN | Rich Investment Real Estate Partners Los Angeles
(626) 688-8864
Listed By:
Michael Chang · License #CalDRE #01880895
(626) 688-8864
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 20 at 5:55AM
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 SVN | Rich Investment Real Estate Partners Los Angeles
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire the real estate and business of an established local bar. The 2,072 square-foot property has been fully renovated with over $350,000 in capital expenditures. Renovations include new electrical, plumbing, flooring, bathrooms, roof, and upgrades to the exterior and interior facade. The two-story property features a two-bedroom residential unit upstairs, which may be converted subject to buyer confirmation. The property also includes an outdoor patio and rooftop lounging area. The bar is equipped with a jukebox, newly installed leather booths and barstools, an ATM, and vending machines. Located in North Long Beach (Old Town) on the Pacific Avenue corridor, the property is surrounded by local small businesses in a residential neighborhood, approximately two miles north of Downtown Long Beach. The property qualifies for SBA financing with 10% down. There is an additional opportunity to renovate the patio and rooftop lounge. The property is located in Long Beach, a gateway city between Los Angeles County and Orange County, with a population of over 500,000. Long Beach is home to the Queen Mary, Long Beach Aquarium, and one of the largest shipping ports in the Western US. The property is intended for use as a bar/lounge.
Key Highlights
- Fully renovated property with over $350,000 in recent upgrades, including new electrical, plumbing, flooring, bathroom, roof, and facade.
- Established and operating bar/lounge business included.
- Property qualifies for SBA financing with 10% down.
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
$34,000
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
5.67%
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%
$680,000
$680.0K
Cap Rate 7%
$485,714
$485.7K
Cap Rate 9%
$377,778
$377.8K
Market Conditions
NOI Build-Up for 2,072 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
$48.5K $23.40/SF
− Vacancy
−$3.2K −$1.52/SF
EGI
$45.3K $21.88/SF
− OpEx
−$11.3K −$5.47/SF
NOI
$34.0K $16.41/SF
Area
ZIP 90806
Vacancy
6.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
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%
$680,000
Cap Rate 7%
$485,714
Cap Rate 9%
$377,778
Alternative Uses
Best Use
Specialty Retail
$485.7K
$425.0K – $566.7K
NOI $34,000 @ 7.0% cap · market cap 5.67%
Second Best
Retail
$427.3K
$373.9K – $498.6K
NOI $29,913 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.11M
$970.7K – $1.29M
NOI $77,654 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,464
Businesses Nearby
389k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 25%
Shops & Services 22%
Apparel 2%
McDonald's
Dining
50,256 visits/mo
0.3 miles
Albertsons
Groceries
41,960 visits/mo
0.4 miles
Northgate Gonzalez Markets
Groceries
41,854 visits/mo
0.3 miles
Starbucks
Dining
29,044 visits/mo
0.4 miles
Bank of America
Shops & Services
19,685 visits/mo
0.5 miles
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Pit Stop — 500 W Pacific Coast Hwy, Long Beach, CA 90806
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Established bar with renovated property and potential residential unit.
Where is this bar & pub located?
The property is located at 2332 Pacific Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully renovated property with over $350,000 in recent upgrades, including new electrical, plumbing, flooring, bathroom, roof, and facade.; Established and operating bar/lounge business included.; Property qualifies for SBA financing with 10% down.
