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Daimon Restaurant 16232 Pacific Coast Hwy 3,121 SF Retail Building Huntington Beach, CA 92649 $1,999,888 ($640.78/SF) 6.16% Cap Rate

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INVESTMENT HIGHLIGHTS

  • On PCH . Stand alone building .

EXECUTIVE SUMMARY

Motivated seller, Must buy all cash. Stand alone building on Pacific Coast Highway (PCH) one block from the ocean in Huntington Beach , very near Seal Beach . Tourists and locals frequent this location .City approves you to Change to your own concept. Has Full liquor license and it is transferable separately . The Net operating income of $123,171 is after paying the property tax $27,704 and Insurance $14,125 and maintenance of $10,000 (NNN) . So the current Gross operating income was $175,000 . The restaurant is now closed . So you are buying the building and you can have all of the restaurant equipment and furniture .The brochure is not updated .
https://viewer.threshold360.com/?thresholdId=7703900-196281816&preset=share

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $175,000 $56.07
Other Income - -
Vacancy Loss - -
Effective Gross Income $175,000 $56.07
Taxes $27,704 $8.88
Operating Expenses $24,125 $7.73
Total Expenses $51,829 $16.61
Net Operating Income $123,171 $39.47

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $175,000
Annual Per SF $56.07
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $175,000
Annual Per SF $56.07
Taxes
Annual $27,704
Annual Per SF $8.88
Operating Expenses
Annual $24,125
Annual Per SF $7.73
Total Expenses
Annual $51,829
Annual Per SF $16.61
Net Operating Income
Annual $123,171
Annual Per SF $39.47

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Distress Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,121 SF
Building Class
C
Year Built/Renovated
1960/2020
Price
$1,999,888
Price Per SF
$640.78
Cap Rate
6.16%
NOI
$123,171
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.28 AC
Zoning
CV-CZ - CV is Commercial Visitor Zoning and CZ is Coastal Zoning .
Parking
15 Spaces (4.81 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Restaurant
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Recessed Lighting
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

NEARBY MAJOR RETAILERS

Starbucks
Mother's Market & Kitchen

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
178-581-21
Land Assessment
$1,695,152 (2025)
Improvements Assessment
$218,727 (2025)
Total Assessment
$1,913,879 (2025)
Annual Taxes
$27,704 ($8.88/SF)
Tax Year
2024
  • Listing ID: 33243221

  • Date on Market: 9/20/2024

  • Last Updated:

  • Address: 16232 Pacific Coast Hwy, Huntington Beach, CA 92649

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