702 Cedar Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $5,547/month
About This Home
In the Heart of Alamitos Beach, in the highly desirable Willmore Historical District. This exceptional multi-unit commercial property in Long Beach (90813). The property is currently operating as a thriving herbal retail store. The property features three distinct spaces offering versatile uses and strong investment potential.The primary stand alone commercial unit (702) boasts an expansive open floor plan ideal for retail, a coffee shop, gym, or office space, plus an exclusive-use outdoor patio. Recent upgrades include new recessed lighting, fresh paint, a tankless water heater, a break room, and a renovated restroom.The second commercial space (712) offers prominent street level frontage with an open layout, perfect for high visibility retail or service businesses. The spacious second floor residential unit (714) features beautiful hardwood floors and provides excellent rental income potential or owner occupancy options. The two commercial units are occupied by the same tenant.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 3,752 Sq Ft Lot
Home Design
- Split Level Home
Interior Spaces
- 2,557 Sq Ft Home
- 2-Story Property
- Recessed Lighting
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 2 Parking Spaces
- Assigned Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
- Property is located within a water district
Community Details
- 3 Buildings
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 7272-020-011
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,309 | $694,071 | $466,508 | $227,563 |
| 2024 | $9,309 | $680,462 | $457,361 | $223,101 |
| 2023 | $9,145 | $667,121 | $448,394 | $218,727 |
| 2022 | $8,593 | $654,041 | $439,602 | $214,439 |
| 2021 | $8,409 | $641,218 | $430,983 | $210,235 |
| 2020 | $8,387 | $634,644 | $426,564 | $208,080 |
| 2019 | $8,289 | $622,200 | $418,200 | $204,000 |
| 2018 | $6,054 | $445,700 | $295,000 | $150,700 |
| 2016 | $6,006 | $465,988 | $165,684 | $300,304 |
| 2015 | $5,773 | $458,990 | $163,196 | $295,794 |
| 2014 | $3,696 | $271,225 | $150,681 | $120,544 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/29/2026 01/29/26 | For Sale | $899,000 | +47.4% | $352 / Sq Ft | |
| 02/27/2018 02/27/18 | Sold | $610,000 | -6.2% | $239 / Sq Ft | View Prior Sale |
| 01/31/2018 01/31/18 | Price Changed | $649,999 | +1.6% | $254 / Sq Ft | |
| 11/10/2017 11/10/17 | Price Changed | $639,900 | +6.7% | $250 / Sq Ft | |
| 11/09/2017 11/09/17 | For Sale | $599,999 | +33.3% | $235 / Sq Ft | |
| 03/26/2014 03/26/14 | Sold | $450,000 | -4.8% | $176 / Sq Ft | View Prior Sale |
| 03/21/2014 03/21/14 | Pending | -- | -- | -- | |
| 02/04/2014 02/04/14 | For Sale | $472,500 | +75.0% | $185 / Sq Ft | |
| 08/06/2012 08/06/12 | Sold | $270,000 | -15.6% | $72 / Sq Ft | View Prior Sale |
| 07/05/2012 07/05/12 | Pending | -- | -- | -- | |
| 04/06/2012 04/06/12 | For Sale | $320,000 | -- | $85 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $650,000 | Chicago Title Company | |
| Grant Deed | $446,000 | Lawyers Title Company | |
| Grant Deed | $450,000 | Lawyers Title | |
| Interfamily Deed Transfer | $135,000 | Accommodation | |
| Grant Deed | $265,000 | North American Title Company | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $311,950 | Commercial | |
| Previous Owner | $225,000 | Seller Take Back |
Source: The MLS
MLS Number: 26645179
APN: 7272-020-011
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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