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    5716 2Nd St Long Beach, CA 90803

    Sponsored
    For Sale
    $3,450,000

    Turnkey Restaurant, Upscale Design, Prime Location

    Property size:
    2,460 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,460 square foot restaurant, located at 5716 E. 2nd Street in Long Beach, California, presents a unique investment opportunity. Situated on a 7,209 square foot lot, this fully equipped and remodeled establishment boasts a high-end design and finish throughout. The interior features a stunning bar area upon entry, a fully equipped kitchen including a walk-in cooler, and even a dedicated wine storage room. Previously home to successful restaurants, this property benefits from valuable on-site parking, a rare commodity in this vibrant area. The existing parking offers potential for expansion, with the possibility of converting a portion into outdoor seating or a patio area. Built in 1958, the property is zoned CNP and is ready for immediate operation. The asking price is $3,450,000. This prime location in the heart of Long Beach's Naples district offers significant potential for continued success. The property's upscale design and convenient amenities make it an attractive option for discerning restaurateurs.

    Property Features for 5716 2Nd St

    General Information

    Property type
    Restaurants
    Square Feet
    2,460 SF

    Building Details

    Year Built
    1958

    HighLights

    • $3,450,000 asking price for a 2,460 SF restaurant.
    • Fully equipped kitchen with walk‑in cooler.
    • High‑end interior remodel.
    • Stunning bar area.
    • On‑site parking with potential for outdoor seating.
    • Located in the heart of Naples, Long Beach, CA (5716 E 2nd St, 90803) on a 7,209 SF lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    international harpist Musician 4 Shore Fine Dining Restaurant

    Suggested Use

    Law Firm Restaurant 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
    -118.12246766961
    Latitude
    33.756668152434

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Upscale Design, Prime Location
    Where is this restaurant located?
    The property is located at 5716 2Nd St Long Beach, CA.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: $3,450,000 asking price for a 2,460 SF restaurant.; Fully equipped kitchen with walk-in cooler.; High-end interior remodel.
    Request Owner's contact information
    5716 2Nd St Long Beach, CA 90803
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    Long Beach, CA 90803
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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
    5716 2Nd St Long Beach, CA 90803
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