5738 Atlantic AveLong Beach, CA 90805

Property Details for 5738 Atlantic Ave

Year built

1967

Lot size

0.29 AC

Property size (Sq ft)

1,624 SF

Zone code

LBCCA

Property type

Retail properties

Property subtype

Gas stations

APN

7127-006-036

APU

7127006036

Description

This exceptional investment opportunity presents a Chevron-branded gas station and convenience store ideally situated at the signalized intersection of South Street and Atlantic Avenue in Long Beach, California. The property boasts a 1,624 square foot Extra-Mile branded convenience store, complemented by five multi-product dispensers (MPDs) and ten fueling positions. Two 12,000-gallon double-walled underground storage tanks are in place, equipped with brand-new hoses and equipment, ensuring operational efficiency. The substantial 12,769 square foot lot provides ample space, enhanced by four convenient points of access and a strategically located bus stop directly in front. This prime location benefits from exceptionally high traffic counts, averaging approximately 40,000 vehicles daily, and serves a dense population base with 115,000 people residing within a two-mile radius. Further enhancing the investment potential, 84 new townhomes are currently under construction across the street, promising a significant increase in future customer traffic and sales. The property has been meticulously maintained under hands-on ownership for nearly two decades, ensuring full compliance with all California regulations. This turnkey operation offers a rare chance to acquire a thriving business in a phenomenal location with strong financials, making it an attractive proposition for discerning investors. The property is the only gas station on the east side of Atlantic Avenue between South Street and the 91 Freeway. The asking price is $5,989,000.

• CAP approach

  CAP return

  Valuation

  6%

  $588,223

  6.5%

  $542,975

  7%

  $504,191

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,305,419

  Geo Method

  $1,305,419

• Alternative Use

  Use

  Valuation

  Residential

  $458,020

  Hospitality

  $419,543

  Educational

  $349,055

  Medical

  $361,060

  Retail

  $542,975

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.8598

Longitude

-118.185

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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