Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

2,557 sqft

Lot size

3,752 sqft

Year built

1920

Stories

2

Heating

Wall Furnace

Pool

None

Status

Active

Days on market

222

MLS #

238029730

About this property

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.

Location

702 CEDAR Avenue

Long Beach, Los Angeles, CA, 90813