702 Cedar Avenue

Long Beach, CA 90813

$929,000
Price
—
Beds
3
Baths
2,557 Sq. Ft.
$363 / Sq. Ft.
2,557
Sq. Ft.
$363
per Sq. Ft.

Description

Great Mixed use building Trophy Building in the Witmer Heights of Long Beach. It has a large patio and parking between the two structures. Both units on the ground level are commercial and the unit upstairs is a residential single. The two units downstairs are occupied by an Herbal Retail Store (not cannabis). The larger unit is retail and the smaller unit is used for demonstrations and classes. The building is fully leased.Great Mixed use building Trophy Building in the Witmer Heights of Long Beach. It has a large patio and parking between the two structures. Both units on the ground level are commercial and the unit upstairs is a residential single. The two units downstairs are occupied by an Herbal Retail Store (not cannabis). The larger unit is retail and the smaller unit is used for demonstrations and classes. The building is fully leased.
  1. Listed by David Rosenfeld • DRE #01109090 • Brokerage DRE #01109090 • Advantage Real Estate

Property Details for 702 Cedar Avenue

Zoning
LBPD10
Parcel Number
7272020011
Total Units
3.0
Living Area
2557
Source Living Area
Assessor
Area
Downtown Area, Alamitos Beach (4)
Vacancy Rate
0
Lot Size Area
3752

Location

Listing Courtesy of Advantage Real Estate, David Rosenfeld, DRE #01109090
Add your commute
LISTING UPDATED: 05/01/2024 01:29 PM

Property Details for 702 Cedar Avenue

StatusActive
MLS #24-356107
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.09 AC / 3,752 SF
CountyLos Angeles County

Location

Listing Courtesy of Advantage Real Estate, David Rosenfeld, DRE #01109090
Add your commute

Building Information for 702 Cedar Avenue

Stories2Residences-Year Built1920Building Size-Lot Size0.09 AC / 3,752 SF

Payment Calculator

$5,832 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,070

Property Taxes

$762

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 702 Cedar Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Mixed
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $63,264
  • Net Operating Income: $.00
  • Gross Income: $63,264
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0861
  • Lot Size Square Feet: 3752
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 2
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One, Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,133.00
  • Unit Actual Rent: $1,133.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,489.00
  • Unit Actual Rent: $1,489.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $218,727.00
  • Assessed Improvement Percent: 32.79
  • Assessed Land Value: $448,394.00
  • Assessed Land Percent: 67.21
  • Assessed Total Value: $667,121.00

Property History for 702 Cedar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 702 Cedar Avenue

Taxable ValueLand$448,394Additions$218,727Total$667,121
Tax Record2023$9,145 ($762 / month)
Home Facts
Total Finished SqFt2,557 SqFtAbove Grade Finished SqFt2,557 SqFtStories1Lot Size3,752 SqFtStyleOffice BuildingYear Built1920ZoningLBPD10CountyLOS ANGELESAPN7272-020-011

Schools near 702 Cedar Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
International Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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702 Cedar Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on April 16, 2024 by Advantage Real Estate, it's currently listed at $929,000. It has been on the market for a total of 15 days and was last sold on February 13, 2018. This listing's school district is Long Beach Unified School District. Nearby schools include International Elementary School, Washington Middle School and Cabrillo High School. 702 Cedar Avenue is a 0-bed, 3-bath, 2,557 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Advantage Real Estate, David Rosenfeld, DRE #01109090

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.