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.
Property Details
Price:
$2,150,000
MLS #:
24474763
Status:
Active Under Contract
Baths:
0
Address:
3123 Cinnamon Avenue
Type:
Residential Income
Neighborhood:
c1mesaverde
City:
Costa Mesa
Listed Date:
Dec 24, 2024
State:
CA
ZIP:
92626
Lot Size:
8,004 sqft / 0.18 acres (approx)
Year Built:
1966
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Schools
Interior
Cooling
Central Air
Heating
Central
Exterior
Garage Spaces
5.00
Parking Features
Garage – Single Door, Garage – Two Door, Uncovered
Parking Spots
7.00
Stories Total
2
Financial
Map
Community
- Address3123 Cinnamon Avenue Costa Mesa CA
- AreaC1 – Mesa Verde
- CityCosta Mesa
- CountyOrange
- Zip Code92626
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3123 Cinnamon Avenue
Costa Mesa, CA
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