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5991 Atlantic Ave
Long Beach, CA 90805 Bixby Knolls

$1,350,000 USD

Restaurant For Sale  •  1,488 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 1,488 SF
  • Lot Size 0.22 AC
  • Building Class B
  • Year Built 1983
  • Tenancy Single
  • Zoning LBCNA
40 Transit Score
60 Walk Score

Highlights

Price reduced to $1,350,000 — a rare basis for a free-standing drive-thru restaurant in Southern California.
Existing drive-thru already built and operating, an asset that has become increasingly difficult to entitle and replicate across the region.
Signalized hard corner at Atlantic Avenue and 60th Street with pylon signage, 9 parking spaces, and ±9,613 SF of land.
Pro forma NOI of approximately $90,000 based on estimated market rent of $5.00 PSF NNN — a 6.67% cap rate at the asking price.
Active leasing interest from operators in the marketplace; ideal value-add play for an all-cash investor who can close quickly and reposition
Underserved North Long Beach trade area with limited food options, one block from 84 new KB townhomes and within delivery reach of Bixby Knolls

Property Flyers

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Signalized Intersection
  • Drive Thru
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 10 min - 4.6 mi
Los Angeles International 27 min - 18.6 mi
John Wayne/Orange County 36 min - 25.4 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 9
Type: Reserved
Included in Rent: Yes
Jafet Polanco 562-366-3312 Darvishian Investment Group
Jafet Polanco 562-366-3312 Darvishian Investment Group