Corner Restaurant
For Sale
Contact for pricing
5003 Cherry Avenue, Long Beach, CA 90807
Restaurant space occupies a signalized corner with access from both adjoining streets.
Property Size5,439 SF
Lot Size0.94 Acres
Price / SF$4.14
Days on Market17
Property Features for 5003 Cherry Avenue
General Information
Standard status
Active
Size
5,439 SF
Lot size
0.94 Acres
Property subtype
Retail
Zoning
CHW
Site & Location
Neighborhood
Bixby Knolls
Traffic Count
63,000 vehicles/day
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Year Built
1975
Listing Agency:
Century 21 Masters
Listed By:
Jack Ma
(909) 610-5188
Source:
Jackmarealestate
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 3:08PM
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 Century 21 Masters
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The restaurant building contains 5,439 square feet and was built in 1975. The 41,039-square-foot parcel sits at a signalized intersection, with vehicle access from Del Amo Boulevard and Cherry Avenue and an alleyway at the rear.
Frontage measures approximately 245 linear feet along Del Amo Boulevard and 300 linear feet along Cherry Avenue. The intersection records more than 63,000 cars per day. The property is in the CHW Regional Highway Commercial zone.
Frontage measures approximately 245 linear feet along Del Amo Boulevard and 300 linear feet along Cherry Avenue. The intersection records more than 63,000 cars per day. The property is in the CHW Regional Highway Commercial zone.
Key Highlights
- 5,439‑square‑foot restaurant building on a 41,039‑square‑foot parcel
- Signalized intersection with reported traffic of 63,000+ cars per day
- Approximately 245 linear feet of frontage on Del Amo Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,308
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,046,160
$2.0M
Cap Rate 7%
$1,461,543
$1.5M
Cap Rate 9%
$1,136,756
$1.1M
Market Conditions
NOI Build-Up for 5,439 SF
Gross rent
$143.6K $26.40/SF
− Vacancy
−$7.2K −$1.32/SF
EGI
$136.4K $25.08/SF
− OpEx
−$34.1K −$6.27/SF
NOI
$102.3K $18.81/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,046,160
Cap Rate 7%
$1,461,543
Cap Rate 9%
$1,136,756
Alternative Uses
Best Use
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,308 @ 7.0% cap · market cap 454.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,841 @ 7.0% cap · market cap 905.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
63,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
230k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Shops & Services 21%
Dining 20%
Apparel 4%
Northgate Gonzalez Markets
Groceries
74,624 visits/mo
0.3 miles
Superior Grocers
Groceries
46,877 visits/mo
0.5 miles
Starbucks
Dining
24,093 visits/mo
0.2 miles
Chevron
Shops & Services
13,857 visits/mo
0.1 miles
ARCO
Shops & Services
12,292 visits/mo
0.1 miles
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space occupies a signalized corner with access from both adjoining streets.
Where is this conventional restaurant located?
The property is located at 5003 Cherry Avenue Long Beach, CA.
What are key features of this property?
This property features: 5,439‑square‑foot restaurant building on a 41,039‑square‑foot parcel; Signalized intersection with reported traffic of 63,000+ cars per day; Approximately 245 linear feet of frontage on Del Amo Boulevard
