Renovated Bar and Real
2332 Pacific Ave, Long Beach, CA 90806
Established bar with renovated property and potential residential unit.
Type:Retail
Property size:
2,072 SFPrice / SF:
$289/SF- Added:
- Nov 21, 2025
- Days on Market:
- 184
- Last Refresh:
- Apr 6 at 12:02 am
Property Features for 2332 Pacific Ave
General Information
- Standard status
- Active
- Size
- 2,072 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1938
Listing agent Michael Chang License #CalDRE #01880895 (310) 903-4967
Listing office SVN | Rich Investment Real Estate Partners Los Angeles (310) 903-4967
Listing date Nov 21, 2025
Source Svn
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
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.
- Two‑story property with a 2‑bedroom residential unit upstairs, offering potential for conversion (buyer to confirm).
- Located on the highly trafficked Pacific Avenue corridor in North Long Beach.
- Features an outdoor patio and rooftop lounging area with additional renovation opportunity.
Overview
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.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$377.8K
NOI $34,000 @ 9.00% cap · cautious / downside scenario
Moderate
$485.7K
NOI $34,000 @ 7.00% cap · market / base-case scenario
Aggressive
$680.0K
NOI $34,000 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.5k | $23.40 |
| − Vacancy | −$3.2k | −$1.52 |
| EGI | $45.3k | $21.88 |
| − OpEx | −$11.3k | −$5.47 |
| NOI | $34.0k | $16.41 |
2,072 SF · lease $23.40/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Wicked Wolf
Bar & Pub
Chimbas Sports Bar
Bar & Pub
Similar Places Nearby
- Pit Stop — 500 W Pacific Coast Hwy, Long Beach, CA 90806
- The Wicked Wolf — 2332 Pacific Ave, Long Beach, CA 90806
- La Playa — 1889 Pacific Ave, Long Beach, CA 90806
- Chimbas Sports Bar — 2332 pacific ave, long beach, ca 90806
- The getaway bar — 2115 Pacific Ave, Long Beach, CA 90806
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.193
- Latitude
- 33.7996
Nearby Similar for Sale
FAQs
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.
