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702 Cedar Ave 2,557 SF Retail Building Long Beach, CA 90813 $959,000 ($375.05/SF)
INVESTMENT HIGHLIGHTS
- Great Mixed use building Trophy Building in the Witmer Heights of Long Beach
- Features a large patio and parking between the two structures.
EXECUTIVE SUMMARY
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 occupied with NNN leases.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,557 SF
Building Class
C
Year Built
1920
Price
$959,000
Price Per SF
$375.05
Tenancy
Single
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
LBPD10 - Planned Development
Frontage
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7272-020-011 | Improvements Assessment | $227,563 (2025) |
| Land Assessment | $466,508 (2025) | Total Assessment | $694,071 (2025) |
PROPERTY TAXES
Parcel Number
7272-020-011
Land Assessment
$466,508 (2025)
Improvements Assessment
$227,563 (2025)
Total Assessment
$694,071 (2025)
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702 Cedar Ave
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