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Property profile & analytics
FOR SALE
Turn key restaurants

5716 2Nd St Long Beach, CA 90803

2,460 SF 0.11 ac lot Built 1958
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0443122
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Construction WOOD
Total area 2,460 SF
Lot 0.11 ac (4,801 SF)
Zoning code LBCNP
APN 7243-013-003
UPID US10-0443122
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
Current use
Occupant on record · Public records
  • international harpist Music Venue Theater & Performing Art Venue
  • 4 Shore Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.43M
Blend (final) Blend
$3.23M
Owner & transaction history
Lb & Jj LLC · 3 yrs held
Lb & Jj LLC
since 2022
Last sale
$3.4M
7 recorded transactions
2023
Price N/A
2022
$3.4M
2020
$1.8M
2011
Price N/A
2011
Price N/A
2011
Price N/A
1995
Price N/A
Zoning & alternative use
LBCNP · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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