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Turn-Key Restaurant with Beer License
For Sale
$2,999,000

76 62nd Pl, Long Beach, CA 90803

Fully equipped restaurant with a Type 41 beer & wine license and a newly renovated apartment for owner or staff use.

Property SizeContact for details
Days on Market547

Property Features for 76 62nd Pl

General Information

Standard status Active

Additional Details

Business Included Yes
Liquor License Yes
Multifamily Units 1
Listing Agency: Platinum Properties R.E.
Listed By: Hoyt Hochman · License #01211717
Source: Exprealty
Added: Mar 10, 2025 Changed: Aug 25 Last Checked: Sep 6 at 1:52PM

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 Platinum Properties R.E.

Investment Insights

Based on property information with market context.

This turn-key restaurant is fully equipped and set up for immediate operation, with a functional kitchen and dining area designed for service. The space also includes a cozy coffee bar that complements the existing restaurant setup. A Type 41 beer & wine license is included, providing flexibility for full service options.

The property is located on the Long Beach peninsula at 76 62nd Pl. Public remarks describe the area as a prime, high-traffic location on the peninsula, which may support steady walk-in demand. In addition to the dining operation, there is a newly renovated apartment intended for owner or staff use.

Key Highlights

  • Fully equipped restaurant with a dining area and fully equipped kitchen, ready for operations
  • Type 41 beer & wine license included for on‑site service
  • Includes a cozy coffee bar for expanded menu and beverage service

Property Analytics

Current Use

Olive By The Bay Restaurant

Suggested Use

Top Pick Daycare Center HVAC Service Grocery & Convenience Store Locksmith Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

973
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 100%
Valentino's Dining
3,807 visits/mo 0.5 miles

Demographics for 90803, CA

32,192
Population
18,516
Households
1.7
Avg Household Size
46
Median Age
61%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
7,852
Density / Sq Mi
$111,500
Median Household Income
$73,944
Median Earnings
$2,073
Median Rent
$1,138,300
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully equipped restaurant with a Type 41 beer & wine license and a newly renovated apartment for owner or staff use.
Where is this conventional restaurant located?
The property is located at 76 62nd Pl Long Beach, CA.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Fully equipped restaurant with a dining area and fully equipped kitchen, ready for operations; Type 41 beer & wine license included for on‑site service; Includes a cozy coffee bar for expanded menu and beverage service
77
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