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Property profile & analytics
OFF-MARKET
Turn key restaurants

5662 Atlantic Ave Long Beach, CA 90805

2,400 SF 0.1 ac lot Built 1929
Entity Owned 24-yr Hold ~ Est. High Equity
Property ID
US09-7040487
Property summary
AI-generated overview

This exceptional opportunity presents the acquisition of a well-established restaurant located at 5662 Atlantic Avenue in Long Beach, California, within Los Angeles County (zip code 90805). The property, classified as Special Purpose, is offered at an asking price of $190,000. This landmark establishment boasts a rich history, having operated successfully for over four decades. The sale includes all existing equipment and fixtures, representing a truly turnkey operation. The fully equipped kitchen features a walk-in refrigerator and freezer, ensuring efficient food preparation and storage. A valuable asset included in the sale is a current beer and wine license, streamlining the transition for the new owner. The restaurant enjoys a prime location in a well-known and high-traffic business area, benefiting from consistent customer flow. Operating seven days a week, this business demonstrates a proven track record and significant earning potential. The property's coordinates are 33.8592363 latitude and -118.1846666 longitude. This is a rare chance to own a thriving, established restaurant with a strong reputation and immediate income generation. Serious inquiries only.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1929
Construction WOOD
Total area 2,400 SF
Lot 0.1 ac (4,152 SF)
Zoning code LBCCA
APN 7127-006-007
UPID US09-7040487
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Super Mex Restaurants INC · 24 yrs held
Super Mex Restaurants INC
since 2001
5 recorded transactions
2001
$350,000
2000
$300,000
1991
$251,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LBCCA · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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