3123 Cinnamon Avenue
Costa Mesa, CA 92626
4614 sqft | 9 beds | 0.18 acres | #24474763
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Original List Price$2,300,000
- MLS #24474763
- MLS #24474763
- Cost2150000
- Acres0.1837
- CountyOrange
- Square Feet4614
- Year Built1966
- Bedrooms9
- Stories2
- Parking Spaces5
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Sean Riley (#CLW-C129280)
Listing Office: CB Richard Ellis, Inc. (#CLW-X74295)
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