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702 Cedar Ave

Long Beach, CA 90813
  • $1,199,000
  • STATUS: Active
  • ON SITE: 100 Days
  • MLS #: 22-128071
UPDATED: 67 min ago
$1,199,000
  • 1
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,557
    SQFT
  • $469
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

Looking for a live/workspace? Once the lease is up this is a great owner user. It is a commercially owned property in a residential neighborhood. Unique corner location! Outstanding potential. Mixed-use building residential/commercial. Commercial unit #1 ( 702 Cedar) is currently in use as a retail store. The second building is 712-714 Cedar, adjacent Duplex, with two units - commercial downstairs and residential upstairs. Commercial unit #2 is vacant. The residential unit is rented. The rented units are always paid on time. Perfect for artists, small business start-ups, neighborhood stores. Possible redevelopment potential. Willmore City Historic District, adjacent to other new development and revitalization projects. Don't miss out on this one. .

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. 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.
www.searchdesertrealestate.com/homes/125928768
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702 Cedar Ave Long Beach, CA 90813

  • Price: $1,199,000
  • Status: Active
  • On Site: 100 Days
  • Updated: 67 min ago
  • MLS #: 22-128071
1
Beds
0
Baths
0
½ Baths
0.09
Acres
2,557
SQFT
$469
$/SQFT
1920
Built
Neighborhood:
Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
Downtown Area, Alamitos Beach
Property Description
Looking for a live/workspace? Once the lease is up this is a great owner user. It is a commercially owned property in a residential neighborhood. Unique corner location! Outstanding potential. Mixed-use building residential/commercial. Commercial unit #1 ( 702 Cedar) is currently in use as a retail store. The second building is 712-714 Cedar, adjacent Duplex, with two units - commercial downstairs and residential upstairs. Commercial unit #2 is vacant. The residential unit is rented. The rented units are always paid on time. Perfect for artists, small business start-ups, neighborhood stores. Possible redevelopment potential. Willmore City Historic District, adjacent to other new development and revitalization projects. Don't miss out on this one. .
Exterior Features

Lot Size Area 3752 Other Structures None Parking Garage Assigned Pool Description None Pool YN No Spa None Spa YN No Total Parking 2

Interior Features

Baths Total 1.00 Cooling Wall Unit(S) Equipment None Fireplace Rooms None Heating Wall Laundry None

Property Features

Assessed Total Value 641218 Gross Income 64428 Gross Operating Income 64428 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 64428.00 Number Of Buildings 3 Number Of Units 3 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 16946 Type Of Units Mixed Water District Year Built Source Vendor Enhanced Zoning Lbpd10

Listing provided courtesy of David Rosenfeld DRE#01484641 of Advantage Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. 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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The John Jay Group - Bennion Deville Homes
74996 Highway 111
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