5246 2nd St, Long Beach, CA 90803-5329
- Turn key restaurants
- 4,085 SF
- 0.10 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 5246 2nd St
- Year built
- 1936
- Construction
- WOOD
- Lot size
- 0.10 lot acres
- Zone code
- LBCNP
- Property type
- Turn key restaurants
- APN
- 7247-006-004
- APU
- 7247006004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 29, 2023 | $5,080,000 | Shore Retail Partners LP | Shore Retail Partners LLC | Grant Deed | $1.7M · Umpqua Bank |
| Nov 2, 2022 | $5,075,000 | Shore Retail Partners LLC | Dsc America INC | Grant Deed | — |
| Aug 1, 2008 | — | Raleigh Group One LLC | Lovi,alexander | Grant Deed | — |
| Aug 1, 2008 | $4,925,000 | Dsc-america INC | Raleigh Group One LLC | Grant Deed | — |
| Dec 2, 2005 | — | Zoltan D Lovi | Lovi Pico Ptshp | Quit Claim Deed · related | — |
| Mar 31, 2000 | $714,000 | Lovi Pico Partnership | — | Grant Deed · related | — |
| Aug 29, 1997 | $925,000 | 5246 Associates LLC | Howard, Margaret | Quit Claim Deed · related | $600k |
| Jul 26, 1996 | — | Anne W Endriss | Endriss A W Trustee, | Quit Claim Deed · related | — |
| Jan 10, 1990 | — | Coralyn E Starks | Star | Quit Claim Deed · related | — |
Description
This exceptional 2,020 sq. ft. single-tenant retail space in Long Beach's Belmont Shore, located at 5246 E. 2nd Street (cross street: Covina Ave), Los Angeles County, CA 90803, presents a unique opportunity. Recently renovated in 2024, this one-story building boasts over $1 million in upgrades, including a new HVAC system, plumbing, raised parapet, shared 1,500-gallon grease interceptor, and completely rebuilt bathrooms. All high-quality furnishings, fixtures, and equipment (FF&E) are included for $150,000 key money—a significant savings compared to new buildout costs. The modern kitchen is fully equipped with all necessary appliances and a large grease trap, ensuring immediate operational readiness. This prime location offers a turnkey solution for restaurateurs seeking quick market entry and operational continuity in a thriving neighborhood. The property is situated in a high-traffic area and benefits from excellent visibility. This is an exceptional opportunity to acquire a fully operational restaurant space with significant recent improvements, minimizing start-up costs and maximizing immediate return. The property type is retail, specifically a restaurant, and is located in a desirable area of Long Beach.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,055,000
- ML approach
- $5,205,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,028,000
Market price range: $1.05M - $4.03M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.134
- Latitude
- 33.7597
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
