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Sold for $2,125,000 on 05/14/25
  • $2,125,000

    3123 Cinnamon Ave, Costa Mesa, CA 92626

    9beds
    8baths
    4,614sqft
    Multi Family
    Built in 1966
    -- sqft lot
    $-- Zestimate®
    $461/sqft
    $2,994 Estimated rent

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    $13,244/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: May 16, 2025 at 03:51am

    Listed by:

    Sean Riley DRE # 01920511 714-493-0614,

    CB Richard Ellis, Inc.

    Bought with:

    Tim Smith, DRE # 01346878

    Coldwell Banker Realty

    Maleny Rodriguez, DRE # 01972597

    Coldwell Banker Realty

    Source: CLAW,MLS#: 24-474763MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Area
    Interior area
    • Total structure area: 4,614
    • Total interior livable area: 4,614 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Garage - 1 Car, Garage - 2 Car, Open
    • Garage spaces: 5
    • Uncovered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 7,840 sqft
    • Dimensions: 79 x 101
    Details
    • Additional structures: None
    • Parcel number: 13950302
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1966

    Community & neighborhood

    Location
    • Region: Costa Mesa