$899,000

702 Cedar Ave Long Beach, CA 90813

Willmore Neighborhood

Estimated payment $5,926/month

Total Views 19,069
1 Bed
1 Bath
2,557 Sq Ft
$352 Price per Sq Ft

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.

Listing Agent

David Rosenfeld

Advantage Real Estate License #01109090 Listed on: 01/29/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,752 Sq Ft Lot

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

3,752 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two, Multi/Split
  • Street Number Display: Yes
  • Living Area: 2557
  • Lot Acreage: 0.0861
  • Probate: No
  • Stories: 2
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 1
  • Total Bathrooms: 1.00
  • Price Per S Q F T: 351.58

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 2

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water: District

Lot Info

  • Assessed Improvement Percent: 32.79
  • Assessed Improvement Value: 210235
  • Assessed Land Percent: 67.21
  • Assessed Land Value: 430983
  • Total Assessed Value: 641218
  • Assessor Parcel Number: 7272-020-011
  • Lot Size Area: 3752

Rental Info

  • Owner Pays: Electricity, Water, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 3
  • Type Of Units: Mixed

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,747 $707,952 $475,838 $232,114
2025 $9,747 $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
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: The MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $44,550 Commercial
Previous Owner $311,950 Commercial
Previous Owner $225,000 Seller Take Back
Source: Public Records

Source: The MLS

MLS Number: 26645179

The MLS

APN: 7272-020-011

California Los Angeles County Long Beach 90802 Willmore

702 Cedar Ave, Long Beach, CA

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The MLS © 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.
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David Rosenfeld
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David Rosenfeld
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Advantage Real Estate
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