1949 Pacific Coast Hwy Lomita, CA 90717
- Investment properties
- 0.08 lot acres
Current Use by Public Records
- Ruiji Sichuan Cuisine / Chinese Restaurant / Sichuan Restaurant
Property Details for 1949 Pacific Coast Hwy
- Lot size
- 0.08 lot acres
- Property type
- Investment properties
Description
Exceptional opportunity to acquire a thriving Chinese restaurant in Lomita, CA. Located at 1949 E Pacific Coast Hwy on a 0.08-acre lot, this 3,342 square foot establishment boasts a prime location in an affluent neighborhood with no competition within a 30-minute radius. Established in 2017, this six-year-old restaurant generates over $1 million in gross annual revenue and $250,000 in net income. The restaurant enjoys a strong reputation, evidenced by its 4.5-star rating and loyal customer base drawn from nearby workplaces (including airports and Toyota) and local churches. Daily revenue consistently ranges from $2,000-$3,000 on weekdays and $4,000-$5,000 on weekends. The spacious interior includes a large kitchen, ample dining area, and two private party rooms. Recent upgrades include new electrical equipment and air conditioning systems. Monthly rent is approximately $10,000, inclusive of HOA fees and utilities. The business has a proven track record of success, having previously facilitated a green card application. This presents a unique opportunity for a buyer seeking a profitable, established business with significant growth potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lomita
- County
- Los Angeles
- State
- California
- Longitude
- -118.314
- Latitude
- 33.7902
