Mixed-Use Property with
702 CEDAR Ave, Long Beach, CA 90813
For Sale
$899,000
Residential Income, LONG BEACH, CA
Property Size2,557 SF
Lot Size0.09 Acres
Price / SF$351.58
Days on Market285
Property Features for 702 CEDAR Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Mixed-Use Components
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Advantage Real Estate
(310) 450-4488
Listed By:
David Rosenfeld · License CA #01109090
(310) 261-8692
Added: Jan 29
Changed: Oct 25
Last Checked: Nov 9 at 11:06PM
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.
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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 / Yr
$43,149
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
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
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 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.
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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
$543,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Long Beach, CA
Properties on Market for Mixed-use properties in Long Beach
Vacancy Rate% for Retail in West region
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
