5738 Atlantic Ave, Long Beach, CA 90805
- Gas stations
- 1,624 SF
- 0.29 lot acres
Current Use by Public Records
- Gas stations
Property Details for 5738 Atlantic Ave
- Year built
- 1967
- Lot size
- 0.29 lot acres
- Zone code
- LBCCA
- Property type
- Gas stations
- APN
- 7127-006-036
- APU
- 7127006036
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 26, 2023 | $858,000 | Denaco LLC | Rohanco LLC | Grant Deed | $1.5M · Legacy Bank |
| Jul 5, 2022 | — | Denaco LLC | Denaco LLC | Intrafamily Transfer · related | — |
| Dec 6, 2019 | — | Denaco LLC | — | Deed · related | $1M · Bank Of Hope |
| Jul 13, 2017 | — | Denaco LLC | Aghdasi,taraz | Quit Claim Deed · related | — |
| Dec 5, 2016 | — | Behnam Sadeghzadeh | Abadi,rohan | Quit Claim Deed · related | — |
| Nov 29, 2016 | $1,000,000 | Taraz Aghdasi | Blue Land LP | Grant Deed | $1M · Private Individual |
| Sep 30, 2008 | $1,010,000 | Land Blue | Conocophillips | Grant Deed | $900k · Mahmood & Afsaneh Kelishadi |
| Sep 26, 2008 | — | Conocophillips Co | Union Oil Co Of California | Grant Deed · related | — |
| Apr 9, 1997 | — | Tosco Corp | Union Oil Co Of Ca | Grant Deed · related | — |
| — | — | Denaco LLC | — | Deed Of Trust · related | $1M · Bank Of Hope |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $750,000
- ML approach
- $730,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.185
- Latitude
- 33.8598
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
