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Property profile & analytics
OFF-MARKET
Turn key restaurants
5991 Atlantic Ave Long Beach, CA 90805-3510
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-6806003
Property summary
AI-generated overview
This exceptional 1,488 square foot drive-thru restaurant in Long Beach, CA, presents a unique investment opportunity. Located on a signalized corner at Atlantic Avenue & 60th Street, this property boasts high visibility and easy accessibility. Built in 1983, the single-building property sits on a 0.22-acre lot and includes 9 parking spaces. Currently operating at 100% occupancy with a lease expiring October 2, 2024, this Class C retail space is zoned RMU 3 and is offered at $2,000,000 ($1,344.09/sq ft). The property benefits from its proximity to Jordan High School and a new KB Homes development with 84 townhomes, ensuring a consistent flow of potential customers. The limited food competition in the dense surrounding neighborhood presents significant growth potential. This is a NNN lease, owner-user investment, perfect for a fast-food or quick-service restaurant seeking a prime location in a thriving community. The property is available for a 1031 exchange.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1983
Construction
WOOD
Total area
1,488 SF
Lot
0.22 ac (9,613 SF)
Zoning code
LBCNA
APN
7125-034-016
UPID
US09-6806003
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
-
El Pollo Imperial Restaurant
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
Oscar Ramirez · 12 yrs held
Oscar Ramirez
since 2013
7 recorded transactions
Zoning & alternative use
LBCNA · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,947
Tax year 2024
Assessed value
$793,196
Assessed 2024
Previous assessed
$793,196
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$654,993
Assessed improvement
$138,203
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Units
1
Total area
1,488 SF
Lot
0.22 ac (9,613 SF)
Zoning code
LBCNA
APN
7125-034-016
UPID
US09-6806003
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCNA · Long Beach, CA
Zoning LBCNA · permitted uses
LBCNA · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Oscar Ramirez
Individual
Mailing address
5991 ATLANTIC AVE, LONG BEACH, CA 90805-3510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2013
$660,000
Oscar Ramirez
Pearson,westley
Grant Deed
$340,000 · Pacific Enterprise Bank
Oct 17, 2012
—
Westley Pearson
Garrison M & S Trust
Grant Deed
related
—
Jun 27, 2012
—
Garrison M & S Living Trust B
Garrison M & S Trust
Quit Claim Deed
related
—
Apr 14, 2004
$345,000
Atlantic & 60th LLC
Peckenpaugh,david C
Grant Deed
—
Mar 5, 2004
$345,000
David C Peckenpaugh
Long,lane M Tr
Grant Deed
$265,000 · Beard Trust
Oct 20, 2003
$325,000
Long,lane M Tr
La Mash Foods INC
Trustees Deed
—
Jul 30, 1999
$20,000
La Mash Foods INC
—
Grant Deed
related
—
—
—
L Enterpri
—
Deed Of Trust
related
$300,700 · Mellon Financial Service Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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