Established Northridge Restaurant
Call Broker For Details!, Northridge, CA 91324
Authentic Greek restaurant with strong financials and loyal customer base.
Type:Retail
Property size:
3,200 SFPrice / SF:
$312/SF- Added:
- Jan 26, 2026
- Days on Market:
- 111
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for Call Broker For Details!
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Retail
Listing agent George Massalas License #CA 01871760
Listing office Biz Builder
Listing date Jan 26, 2026
Source Crexi
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 Biz Builder
HighLights
- Estimated 2024 Gross Revenue $1,000,000+ with rock‑solid financials.
- Confirmed net earnings approximately $350,000/year.
- 30+ year family‑owned and operated business with an outstanding reputation.
- 5‑Star Yelp and Google ratings.
- Includes solid commercial accounts (schools, businesses, police, and fire).
- Current owner retiring but available to assist new owner.
Overview
This is an established family-owned and operated Greek restaurant with a history of over 30 years. The restaurant has a strong reputation and thousands of repeat customers, with solid commercial accounts including schools, businesses, police, and fire departments. The restaurant has a 5-star rating on Yelp and Google. The estimated gross revenue for 2024 is over $1,000,000, with confirmed net earnings of approximately $350,000 per year. The current owner is retiring but is available to assist the new owner. The property size is 3,200 square feet. This business opportunity is available until December 31, 2026.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$962.9K
NOI $86,664 @ 9.00% cap · cautious / downside scenario
Moderate
$1.24M
NOI $86,664 @ 7.00% cap · market / base-case scenario
Aggressive
$1.73M
NOI $86,664 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.3k | $36.96 |
| − Vacancy | −$2.7k | −$0.85 |
| EGI | $115.6k | $36.11 |
| − OpEx | −$28.9k | −$9.03 |
| NOI | $86.7k | $27.08 |
3,200 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,664 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$64.83M
$56.73M – $75.64M
NOI $4,538,106 @ 7.0% cap · market cap 453.83%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar Places Nearby
- 하누갈비 — 9711 Reseda Blvd, Northridge, CA 91324
Map
- City
- Northridge
- County
- Los Angeles
- State
- California
- Longitude
- -118.55
- Latitude
- 34.2385
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Authentic Greek restaurant with strong financials and loyal customer base.
Where is this conventional restaurant located?
The property is located at Call Broker For Details! Northridge, CA.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: Estimated 2024 Gross Revenue $1,000,000+ with rock‑solid financials.; Confirmed net earnings approximately $350,000/year.; 30+ year family‑owned and operated business with an outstanding reputation.
