3123 Cinnamon Avenue, Costa Mesa, CA 92626
- $2,125,000
- 9
- BD
- 8
- BA
- 4,614
- SqFt
- Sold Price
- $2,125,000
- List Price
- $2,150,000
- Closing Date
- May 14, 2025
- Status
- CLOSED
- MLS#
- 24474763
- Year Built
- 1966
- Bedrooms
- 9
- Bathrooms
- 8
- Living Sq. Ft
- 4,614
- Lot Size
- 8,004
- Acres
- 0.18
- Days on Market
- 97
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Excellent pride of ownership 4 unit multifamily investment property located inside of Mesa Verde's "Spice Streets." Long term ownership with large upside to increase rental income. Rent roll listed includes the recent rent increase effective April 1st. Unit mix is three 2 bed/2 bath units and one 3 bed/2 bath unit. Ample parking with five garages and two uncovered parking spaces. Each unit has central air conditioning with extensive renovation in the 3 bedroom unit that also has a large private patio. Onsite laundry facilities available for tenant use. Interior electrical subpanels have been replaced in all units and the laundry room recently. Building is separately metered for gas and electric. Tenants have easy access to shops, restaurants, and are within close proximity to major thoroughfares including the 405 and 55 freeway.
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Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 5
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Sean Riley (Sean.Riley@cbre.com) from Listing Office: CB Richard Ellis, Inc..
Listing sold by Tim Smith from Coldwell Banker Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.