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Property profile & analytics
FOR SALE
Investment properties
702 Cedar Ave Long Beach, CA 90813
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0428790
For Sale
1 / 27
$899,000
702 Cedar Ave, Long Beach, CA 90813
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
WOOD
Total area
2,557 SF
Lot
0.09 ac (3,752 SF)
Zoning code
LBPD10
APN
7272-020-011
UPID
US10-0428790
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Green Wisdom (Bike/Boat/Book/etc) Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$665k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Invest Re Lb12 LLC · 8 yrs held
Invest Re Lb12 LLC
since 2018
6 recorded transactions
Zoning & alternative use
LBPD10 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Office building
$905,000
+47.6%
Auto repair, garage
$810,000
+31.9%
Retail stores
$640,000
+4.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$615,000
Current use
OFFICE BUILDING
$905,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$810,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$217 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,309
Tax year 2024
Assessed value
$680,462
Assessed 2024
Previous assessed
$680,462
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$457,361
Assessed improvement
$223,101
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1920
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
3
Stories
1
Units
3
Bathrooms
1
Total area
2,557 SF
Lot
0.09 ac (3,752 SF)
Zoning code
LBPD10
APN
7272-020-011
UPID
US10-0428790
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD10 · Long Beach, CAZoning LBPD10 · permitted uses
LBPD10 · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Districts Established
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$615,000
OFFICE BUILDING
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$810,000
RETAIL STORES
Est. value
$640,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
3
Units
3
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Invest Re Lb12 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1021 PICO BLVD, SANTA MONICA, CA 90405-1415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2018
$650,000
Invest Re Lb12 LLC
Priority Realestate Solutions
Grant Deed
—
Aug 17, 2017
$446,000
Priority Realestate Solutions
Taufer,bradley
Grant Deed
$311,950 · Ocre Investment Fund 1 LLC
Mar 26, 2014
$450,000
Bradley Taufer
Cleveland Family Trust
Grant Deed
$225,000 · Cleveland C R & L M (te)
Aug 17, 2012
$135,000
Cleveland Family Trust
Cleveland Family Trust
Grant Deed
related
—
Aug 6, 2012
$265,000
Cleveland Family Trust
Loughner,glyn
Grant Deed
—
Oct 15, 2001
—
Leona Laughner
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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