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    5716 2Nd St Long Beach, CA 90803

    • Turn key restaurants
    • 2,460 SF
    • 0.11 lot acres
    For Sale
    View listing
    $3,450,000
    Value Estimation
    Last Sale
    Sep 22, 2022
    $3,360,000
    Location Intelligence
    Property ID
    US10-0443122
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • international harpist / Musician
    • 4 Shore / Fine Dining Restaurant

    Property Details for 5716 2Nd St

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    2,460 SF
    Zone code
    LBCNP
    Property type
    Turn key restaurants
    APN
    7243-013-003
    APU
    7243013003

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,155,000
      6.5%
      $3,525,000
      7%
      $3,355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,630,000
      Geo Method
      $3,255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,135,000
      Retail
      $2,755,000
      Mixed-Use
      $3,345,000
      Hospitality
      $2,835,000
      Educational
      $2,750,000
      Residential Income
      $3,310,000
      Energy
      $3,500,000
      Income-Based Land
      $3,725,000
      Food Service
      $2,835,000

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.123
    Latitude
    33.7565
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $36,787
    $1,672,800
    $912,900
    $2,585,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,200 SF

      5325 2nd St

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      5325 2nd St, Long Beach, CA 90803-5335
      View Details
    • Value Estimation by Request
      4,016 SF

      5216 2nd St

      RESTAURANT • 4,016 SF
      5216 2nd St, Long Beach, CA 90803
      View Details
    • Value Estimation
      $305,000
      3,225 SF

      3632 Broadway

      RESTAURANT • 3,225 SF
      3632 Broadway, Long Beach, CA 90803-6010
      View Details
    • Value Estimation
      $260,000
      2,730 SF

      5281 2nd St

      RESTAURANT • 2,730 SF
      5281 2nd St, Long Beach, CA 90803
      View Details
    • Value Estimation
      $10,570,000
      5,937 SF

      5258 2nd St

      RESTAURANT • 5,937 SF
      5258 2nd St, Long Beach, CA 90803-5330
      View Details
    • Value Estimation by Request
      3,332 SF

      5374 2nd St

      RESTAURANT • 3,332 SF
      5374 2nd St, Long Beach, CA 90803-5334
      View Details

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      Retail Property in Long Beach

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    Similar Nearby for Lease

    • Contact for pricing

      Leased Retail Property

      100% leased retail property in Long Beach, CA.
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      Retail Space For Lease

      Retail space available for lease in Long Beach, CA.
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    5716 2Nd St
    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
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