Skip To Content
    Return to Previous Page

    7115 Beach Boulevard

    Buena Park, CA 90620
    • $3,988,000
    • STATUS: Active
    • ON SITE: 507 days
    • ID#: OC19106052
    UPDATED: 30 min ago
    $3,988,000
    • 0
      BEDS
    • 0.86
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,150
      SQFT
    • $961
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    Description

    This building / Mediterranean Restaurant in Buena Park is an iconic restaurant/hookah lounge and banquet hall located in the heart of Orange County, CA. This location is approximately 9,150 Sq. Ft., including patio space. Recently Remodeled in 2005 and again in 2018 with permits and approvals from city of Buena Park (Please note the Property is for sale only, not the restaurant business). There is a little less than 5 years left on the lease at $20,000 / month with an increase of 2% annually. Approx. 5% Cap Rate. This investment is extravagantly built with imported goods, architecture, and decor. The restaurant also contains an equally luxurious and large patio area with water fall fountains, imported stone and an expansive seating area. Awarded numerous awards and recognition, this Mediterranean Restaurant is one of Orange County's premier venues for large private parties as well as a trendy hookah lounge restaurant. The restaurant has frontage plus prominent monument signage directly on Beach Boulevard and is situated on a highly visible pad in a Target anchored shopping center. Walking distance to "The Source Development" 450,000 sq. ft. of urban retail. This property is conveniently located in the Entertainment corridor right off Beach Boulevard exit on the 91 Freeway in Buena Park. The property's frontage on Beach Boulevard gives the site visibility to over 61,000 vehicles per day and is also close to Orangethorpe Avenue boasting an additional 31,000 vehicles per day.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T10:28:52.437. 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 deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/94513142
    Print Image

    7115 Beach Boulevard Buena Park, CA 90620

    • Price: $3,988,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: OC19106052
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.86
    Acres
    4,150
    SQFT
    $961
    $/SQFT
    1970
    Built
    Neighborhood:
    82 - Buena Park
    County:
    Orange
    Area:
    82 - Buena Park
    Property Description
    This building / Mediterranean Restaurant in Buena Park is an iconic restaurant/hookah lounge and banquet hall located in the heart of Orange County, CA. This location is approximately 9,150 Sq. Ft., including patio space. Recently Remodeled in 2005 and again in 2018 with permits and approvals from city of Buena Park (Please note the Property is for sale only, not the restaurant business). There is a little less than 5 years left on the lease at $20,000 / month with an increase of 2% annually. Approx. 5% Cap Rate. This investment is extravagantly built with imported goods, architecture, and decor. The restaurant also contains an equally luxurious and large patio area with water fall fountains, imported stone and an expansive seating area. Awarded numerous awards and recognition, this Mediterranean Restaurant is one of Orange County's premier venues for large private parties as well as a trendy hookah lounge restaurant. The restaurant has frontage plus prominent monument signage directly on Beach Boulevard and is situated on a highly visible pad in a Target anchored shopping center. Walking distance to "The Source Development" 450,000 sq. ft. of urban retail. This property is conveniently located in the Entertainment corridor right off Beach Boulevard exit on the 91 Freeway in Buena Park. The property's frontage on Beach Boulevard gives the site visibility to over 61,000 vehicles per day and is also close to Orangethorpe Avenue boasting an additional 31,000 vehicles per day.
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features In Kitchen

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Name Golden Rose Building Status Existing Cap Rate 4.97 Country Us Current Use Comments Restaurant - Golden Rose Mediterranean Cuisine Expense Year 2018 Gross Scheduled Income 240000.00 Insurance Expense 1108.88 Land Lease YN No Land Use OtherRetail Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 198174.78 Occupancy Occupied Operating Expense 41825.22 Property Sub Type Retail Real Estate Tax Expense 40716.34 Security Features Carbon Monoxide Detector(S)Security SystemSmoke Detector(S) Special Listing Conditions Standard Tax Year 2018 Total Expenses 41825.22 Total Monthly Rent 20000 Water Source Public

    Listing provided courtesy of Ramzi Rabbat of Realty One Group West


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T10:28:52.437. 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 deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_362610753-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_362610753-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_362610753-1.jpg
    Logo
    Apple Financial Network, Inc.
    3200 E Guasti Rd. Suite 100
    Ontario CA, 91761