Mixed-Use Property with
For Sale
$899,000
702 CEDAR Ave, Long Beach, CA 90813
Residential Income, LONG BEACH, CA
Property Size2,557 SF
Lot Size0.09 Acres
Price / SF$351.58
Days on Market238
Property Features for 702 CEDAR Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBPD10
Bedrooms
1
Bathrooms
1
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1
Parking
2
Parking features
Assigned
Directions
West on 7th Street to Cedar. Property is on the corner of 7th & Cedar.
Subdivision
Downtown Area, Alamitos Beach
Standard status
Active
APN
7272-020-011
Size
2,557 SF
Lot size
0.09 Acres
Utilities
Cooling system
Wall Unit(s)
Amenities
exclusive-use outdoor patio
break room
renovated restroom
beautiful hardwood floors
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Listing Agency:
Advantage Real Estate
(310) 450-4488
Listed By:
David Rosenfeld · License #01109090
(310) 261-8692
Added: Jan 29
Changed: Sep 13
Last Checked: Sep 24 at 2:06PM
MLS# 26645179
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,557-square-foot mixed-use property, built in 1920, contains three distinct spaces. The standalone commercial unit at 702 Cedar Avenue has an open interior, an exclusive outdoor patio, recessed lighting, fresh paint, a tankless water heater, break room, and renovated restroom. The second commercial space at 712 Cedar Avenue provides street-level frontage and an open layout. Upstairs, the residential unit at 714 Cedar Avenue includes hardwood floors, one bedroom, and two bathrooms. The two commercial spaces are occupied by the same tenant.
The property is located in Long Beach’s Willmore Historical District and carries LBPD10 zoning. Assigned parking is provided, and cooling is supplied by wall units. The residential space may support rental income or owner occupancy, while the commercial areas are configured for retail or service-oriented use as described in the property information.
The property is located in Long Beach’s Willmore Historical District and carries LBPD10 zoning. Assigned parking is provided, and cooling is supplied by wall units. The residential space may support rental income or owner occupancy, while the commercial areas are configured for retail or service-oriented use as described in the property information.
Key Highlights
- Three‑space mixed‑use property totaling 2,557 square feet
- 702 Cedar Avenue commercial unit includes an exclusive‑use outdoor patio
- 712 Cedar Avenue space offers street‑level frontage and an open layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,980
$863.0K
Cap Rate 7%
$616,414
$616.4K
Cap Rate 9%
$479,433
$479.4K
Market Conditions
NOI Build-Up for 2,557 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.7K $30.00/SF
− Vacancy
−$7.7K −$3.00/SF
EGI
$69.0K $27.00/SF
− OpEx
−$25.9K −$10.13/SF
NOI
$43.1K $16.88/SF
Area
ZIP 90813
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,980
Cap Rate 7%
$616,414
Cap Rate 9%
$479,433
Alternative Uses
Best Use
Mixed Use
$616.4K
$539.4K – $719.2K
NOI $43,149 @ 7.0% cap · market cap 4.80%
Second Best
Retail
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 4.04%
Theoretical Best
Multifamily LT 5
$839.6K
$734.7K – $979.5K
NOI $58,772 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,847
Businesses Nearby
232k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 31%
Groceries 17%
Electronics 2%
Superior Grocers
Groceries
38,748 visits/mo
0.4 miles
Starbucks
Dining
19,105 visits/mo
0.5 miles
Carl's Jr.
Dining
18,755 visits/mo
0.4 miles
Chase Bank
Shops & Services
18,629 visits/mo
0.5 miles
Denny's
Dining
15,585 visits/mo
0.4 miles
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three separately configured spaces combine commercial frontage, an outdoor patio, and an upper-level residential unit.
Where is this mixed-use property located?
The property is located at 702 CEDAR Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three‑space mixed‑use property totaling 2,557 square feet; 702 Cedar Avenue commercial unit includes an exclusive‑use outdoor patio; 712 Cedar Avenue space offers street‑level frontage and an open layout
