5991 Atlantic Ave, Long Beach, CA 90805
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5991 Atlantic Ave Long Beach, CA 90805

$2,500,000
  • -- Beds
  • -- Baths
  • 1,488 Sq.Ft.
For Sale
$2,500,000 Get Pre-Qualified

Map preview of 5991 Atlantic Ave, Long Beach, CA 90805

Property Overview: 5991 Atlantic Ave Long Beach, CA has -- bedrooms, -- bathrooms, 1,488 living square feet and 9,615 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: For Sale: Iconic Drive-Thru Restaurant with Liquor License in Bustling Long Beach! Nestled in the heart of Long Beach, a legendary culinary landmark is now available for acquisition for the first time in a decade. El Pollo Imperial, renowned for its delectable offerings and unparalleled service, presents an extraordinary opportunity for aspiring restaurateurs or seasoned investors looking to make their mark in this vibrant community. Prime Location: Situated at the bustling intersection of Atlantic Blvd and E 60th St, El Pollo Imperial commands attention with 83' frontage on Atlantic Blvd and 115' frontage on E 60th St. This strategic location ensures maximum visibility and accessibility, drawing in both locals and visitors alike. Established Brand: With a decade-long legacy, El Pollo Imperial has become an integral part of Long Beach's culinary landscape. Its stellar reputation and loyal customer base provide a solid foundation for continued success under new ownership. Drive-Thru Convenience: Boasting a fully equipped drive-thru facility, El Pollo Imperial caters to the fast-paced lifestyles of modern consumers. Additionally, ample parking space for up to 10 cars further enhances the convenience factor, making it a preferred destination for patrons on the go. Turnkey Operation: The sale includes all essential equipment, from commercial-grade hoods and restaurant appliances to freezers and tables, ensuring a seamless transition for the new owner. Whether you're an experienced restaurateur or a first-time buyer, El Pollo Imperial offers a turnkey opportunity to step into a thriving business from day one. Liquor License Included: In addition to the restaurant's assets, the sale encompasses a valuable liquor license, opening up exciting possibilities for expansion and increased revenue streams. With the ability to serve alcoholic beverages, the potential for growth and diversification is virtually limitless. Flexible Options: While the owner is open to selling El Pollo Imperial along with the property, they are also willing to consider selling the property vacant, providing prospective buyers with the flexibility to explore alternative concepts and reimagine the space according to their vision. Don't Miss Out on this Extraordinary Opportunity! Whether you're an entrepreneur with a passion for hospitality or an investor seeking a lucrative venture, El Pollo Imperial offers the perfect blend of tradition, innovation, and profitability.

Listed by Jaime Sutachan | BRE #01886915 | South Bay Executive Realty, Inc.
Last checked: 7 minutes ago | Last updated: March 28th, 2024 | Source CRMLS | DOM: 39
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
9,615
HOA Dues
$0/mo
Year built
1983
Garage
--
Property Type:
Specialty
Status
Active
MLS#
SB24054472
City
Long Beach
County
Los Angeles
Time on Site
52 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5991 Atlantic Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 7125034016
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Atlantic and 60th St.
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Sale History for 5991 Atlantic Ave

Last sold for $660,000 on October 25th, 2013
  • March, 2024

  • Mar 20, 2024

    Date

    Active

    CRMLS: SB24054472

    $2,500,000

    Price

  • October, 2013

  • Oct 25, 2013

    Date

    Sold (Public Records)

    Public Records

    $660,000

    Price

  • July, 2006

  • Jul 13, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5991 Atlantic Ave

Assessed Value (2020): $739,786
Year Land Value Improved Value Assessed Value
2020 $610,887 $128,899 $739,786

Home Value Compared to the Market

This property vs the competition

5991 Atlantic Ave is listed 212.89% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $1680.11 per/sqft which puts the price per square foot 160.48% higher than the median price per square foot for the city of Long Beach.

About 5991 Atlantic Ave

Detailed summary of property

5991 Atlantic Ave is a specialty located in Long Beach, CA 90805 and is currently for sale. This specialty property offers -- bedrooms, -- bathrooms, roughly 1,488 living square feet, and sits on an approximately 9,615 square foot lot. 5991 Atlantic Ave was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $2,500,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 212.89% higher than the median priced home. Local competing homes currently for sale include 13017 S Broadway, 10721 S Broadway and 8273 S San Pedro. While the average home in Long Beach, CA is selling in 53 days, 5991 Atlantic Ave has a days on market of 39 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 5991 Atlantic Ave Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 5991 Atlantic Ave

Public county record property details
Beds
--
Baths
--
Year built
1983
Sq. Ft.
1,488
Lot Size
9,612
Stories
1
Type
Restaurant
Pool
No
Spa
No
County
Los Angeles
Lot#
16,17
APN
7125-034-016

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$679,999
Median List Price/Sq.Ft.
$563
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
61
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.