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    Call Broker For Details! Los Angeles, CA 91324

    Sponsored
    For Sale
    $1,299,950

    Established 5-star Greek restaurant, high revenue.

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional opportunity presents a thriving, established Class A Greek restaurant in Northridge, CA, available for sale at $1,299,950. Located at a prime address in the 91324 zip code, this 3,200 square foot, single-unit restaurant boasts a stellar reputation, evidenced by its 5-star Yelp and Google ratings. The business enjoys consistent high revenue, with estimated 2024 gross revenue exceeding $1,500,000 and confirmed net earnings of approximately $600,000 annually. This success is built upon a loyal customer base, including numerous repeat customers and established commercial accounts with local schools, businesses, and emergency services. The restaurant has been family-owned and operated for over 30 years, building a strong foundation of trust and quality. The current owner is retiring but is willing to assist the new owner in a smooth transition. The lease is a gross lease, with a credit-rated tenant, commencing January 1, 2025, and expiring December 31, 2035. This is a unique owner-user investment opportunity, representing a rare chance to acquire a highly profitable and well-regarded business. This is a confidential private sale; further details are available upon request.

    Property Features for 0 Call Broker For Details!

    General Information

    Property type
    Restaurants
    Square Feet
    3,200 SF
    Class
    A

    Building Details

    Units
    1

    HighLights

    • $1,299,950 asking price for this established restaurant business.
    • 3,200 square foot, Class A restaurant in Northridge, CA.
    • Gross lease, credit‑rated tenant, lease term from 01/01/2025 to 12/31/2035.
    • Estimated 2024 gross revenue exceeding $1,500,000, with approximately $600,000 net earnings.
    • 30+ year family‑owned, 5‑star Yelp and Google rated restaurant with a loyal customer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.5506158
    Latitude
    34.2413938

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    FAQs

    What type of property is this?
    Restaurant - Established 5-star Greek restaurant, high revenue.
    Where is this restaurant located?
    The property is located at Call Broker For Details! Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,299,950.
    What are key features of this property?
    This property features: $1,299,950 asking price for this established restaurant business.; 3,200 square foot, Class A restaurant in Northridge, CA.; Gross lease, credit-rated tenant, lease term from 01/01/2025 to 12/31/2035.
    Request Owner's contact information
    Call Broker For Details! Los Angeles, CA 91324
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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.

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    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
    Call Broker For Details! Los Angeles, CA 91324
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