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702 Cedar Ave 2,557 sq ft Retail Property Long Beach, CA 90813 £709,996 (£277.67/sq ft)
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 sq ft |
|---|---|---|
| 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 sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Residential
Property Size
2,557 sq ft
Costar Property Class
C
Year Built
1920
Price
£709,996
Price per sq ft
£277.67
Tenancy
Single
Number of Floors
2
Plot ratio
0.65
Total Plot Size
0.09 ac
Opportunity Zone
Yes
Use Class
LBPD10 - Planned Development
Frontage
Walk Score®
Excellent pedestrian access (93)
Transit Score®
Excellent Public Transport (73)
Bike Score®
Ideal For Cyclists (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7272-020-011 | Improvements Assessment | £168,476 (2025) |
| Land Assessment | £345,379 (2025) | Total Assessment | £513,855 (2025) |
PROPERTY TAXES
Parcel Number
7272-020-011
Land Assessment
£345,379 (2025)
Improvements Assessment
£168,476 (2025)
Total Assessment
£513,855 (2025)
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702 Cedar Ave
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