Three-Space Mixed-Use
For Sale
$899,000
702 Cedar Ave, Long Beach, CA 90813
Two commercial storefronts accompany an upstairs residence with hardwood floors and a private patio serving the primary commercial unit.
Property Size2,557 SF
Price / SF$351.58
Days on Market259
Property Features for 702 Cedar Ave
General Information
Standard status
Active
Size
2,557 SF
Property subtype
Residential Income
Amenities
outdoor patio
break room
Building Details
Tenancy
Multi
Listing Agency:
Advantage Real Estate
(310) 450-4488
Listed By:
David Rosenfeld · License #01109090
(424) 293-1266
Source:
Exprealty
Added: Jan 29
Changed: Oct 8
Last Checked: Oct 15 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Advantage Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property at 702 Cedar Ave includes three separate spaces within 2,557 square feet: two ground-level commercial units and an upstairs residential unit. The primary commercial space has an open interior, private-use patio, break room, renovated restroom, recessed lighting, fresh paint, and a tankless water heater. The second commercial unit provides street-level frontage and an open layout. The residential space includes hardwood flooring and may support rental occupancy or owner use. Both commercial units are occupied by the same tenant, and the property currently operates as an herbal retail store.
The property is identified with Alamitos Beach and the Willmore Historical District in Long Beach, California. Its 90813 location and Cedar Avenue address provide a defined setting for the three-space configuration.
The property is identified with Alamitos Beach and the Willmore Historical District in Long Beach, California. Its 90813 location and Cedar Avenue address provide a defined setting for the three-space configuration.
Key Highlights
- Three distinct spaces totaling 2,557 square feet
- Two commercial units are occupied by the same tenant
- Primary commercial unit includes an exclusive‑use outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,161
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,220
$1.1M
Cap Rate 7%
$773,729
$773.7K
Cap Rate 9%
$601,789
$601.8K
Market Conditions
NOI Build-Up for 2,557 SF
Gross rent
$102.8K $40.20/SF
− Vacancy
−$4.3K −$1.69/SF
EGI
$98.5K $38.51/SF
− OpEx
−$44.3K −$17.33/SF
NOI
$54.2K $21.18/SF
Area
ZIP 90813
Vacancy
4.20%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,220
Cap Rate 7%
$773,729
Cap Rate 9%
$601,789
Alternative Uses
Best Use
Apartment 5plus
$773.7K
$677.0K – $902.7K
NOI $54,161 @ 7.0% cap · market cap 6.02%
Second Best
Mixed Use
$616.4K
$539.4K – $719.2K
NOI $43,149 @ 7.0% cap · market cap 4.80%
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.
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial storefronts accompany an upstairs residence with hardwood floors and a private patio serving the primary commercial 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 distinct spaces totaling 2,557 square feet; Two commercial units are occupied by the same tenant; Primary commercial unit includes an exclusive‑use outdoor patio
