5662 Atlantic Ave Long Beach, CA 90805
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LBCCA · Long Beach, CALong Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.