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    456 Elm Ave Long Beach, CA 90802

    Sponsored
    For Lease
    Contact for pricing

    Turnkey Restaurant, Bar Option Available

    Lot size:
    3,460 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3,460 square foot turnkey restaurant space in Los Angeles County presents a unique investment opportunity. Currently configured as a restaurant with a fully operational kitchen, it includes a spacious dining hall, a private dining area perfect for special events, and convenient restrooms and office/storage. The property's significant advantage lies in its existing Type 41 liquor license, readily available for immediate use. Furthermore, a Conditional Use Permit (CUP) application is currently underway to upgrade the license to a Type 47, expanding operational possibilities. This streamlined transition minimizes the typical hurdles and delays associated with obtaining liquor licenses, saving valuable time and resources for the new owner. The layout is designed for optimal functionality, with a chef's kitchen equipped to handle high-volume service. The ground floor location ensures high visibility and accessibility for patrons. This is an exceptional opportunity to acquire a fully equipped and licensed restaurant space, ready for immediate operation or customization to suit a specific culinary vision. The existing infrastructure and licensing significantly reduce the time and cost associated with starting a new restaurant venture. This property is ideally suited for an experienced restaurateur looking to establish a thriving business in a prime Los Angeles County location.

    Property Features for 456 Elm Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,460 SF

    Unit(s) available at that property

    Space
    Size
    3,460 SF

    HighLights

    • Turnkey restaurant and bar opportunity in Los Angeles County.
    • Single‑tenant retail space totaling 3,460 square feet.
    • Features a dining hall, chef's kitchen, private dining area, restrooms, and office/storage.
    • Currently possesses a Type 41 liquor license with a CUP application pending for a Type 47 license.
    Property Profile Location Intelligence

    Current Use by Public Records

    Helen I Liovin ... Psychiatrist Dr. Katarina M. ... Doctor Hanft Alan C ... Psychiatrist Fedovskiy Kaney J ... Psychiatrist The Dining Project Fine Dining Restaurant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.18722393641
    Latitude
    33.772934969538

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Bar Option Available
    Where is this restaurant located?
    The property is located at 456 Elm Ave Long Beach, CA.
    What are key features of this property?
    This property features: Turnkey restaurant and bar opportunity in Los Angeles County.; Single-tenant retail space totaling 3,460 square feet.; Features a dining hall, chef's kitchen, private dining area, restrooms, and office/storage.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    456 Elm Ave Long Beach, CA 90802
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