702 Cedar Ave, Long Beach, CA, 90813
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.
Getting Around
Walker's Paradise
Excellent Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1920
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
Features
- Fireplace features: None
Heating & Cooling
- Heating features: Wall
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 2,557
- Total interior livable area: 2,557 sqft
Property
Details
- Parcel number: 7272020011
- Zoning: LBPD10
- Special condition: Standard
- Other equipment: None
Features
- Levels: Two,Multi/Split
- Stories: 2
- Pool features: None
- Spa features: None
Lot
- Lot size: 3,750 sqft
Parking
- Total spaces: 2
- Parking features: Assigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,545 | $54,540 |
| Home Insurance * | $174 | $2,088 |
| Property Taxes | $1,059 | $12,708 |
| Electricity | $548 | $6,579 |
| Total | $6,326 | $75,912 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-30 | Listed for sale | $899,000 |
| 2024-08-26 | Listing removed | $859,000 |
| 2024-08-15 | Price change | $859,000 |
| 2024-06-20 | Price change | $899,000 |
| 2024-04-17 | Listed for sale | $929,000 |
| 2022-08-17 | Listing removed | -- |
| 2022-07-14 | Listed for sale | $1,199,000 |
| 2022-06-15 | Listing removed | -- |
| 2022-02-17 | Listed for sale | $1,199,000 |
| 2018-02-27 | Sold | $650,000 |
| 2018-02-07 | Pending sale | $649,999 |
| 2018-01-31 | Price change | $649,999 |
| 2018-01-29 | Pending sale | $639,900 |
| 2018-01-29 | Listed for sale | $639,900 |
| 2017-08-17 | Sold | $446,000 |
| 2014-03-26 | Sold | $450,000 |
| 2012-08-06 | Sold | $265,000 |
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