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.
Sold for $2,125,000
$2,125,000
3123 Cinnamon Ave, Costa Mesa, CA 92626
9beds
8baths
4,614sqft
Multi Family
Built in 1966
-- sqft lot
$-- Zestimate®
$461/sqft
$2,835 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,835/mo
Zestimate® history
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$13,374/mo
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List your homeWhat's special
Ample parkingLarge private patioExtensive renovationCentral air conditioning
Zillow last checked:
Listing updated:
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#: 24-474763
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 Square Feet
- 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 & HOA
Location
- Region: Costa Mesa
Financial & listing details
- Price per square foot: $461/sqft
- Tax assessed value: $1,199,384
- Annual tax amount: $14,852
- Date on market: 12/27/2024
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2025 | Sold | $2,125,000-1.2%$461/sqft |
Source:  CLAW #24-474763 Report a problem | ||
| 4/2/2025 | Contingent | $2,150,000$466/sqft |
Source: CLAW #24-474763 Report a problem | ||
| 2/20/2025 | Listed for sale | $2,150,000$466/sqft |
Source: CLAW #24-474763 Report a problem | ||
| 2/12/2025 | Contingent | $2,150,000$466/sqft |
Source: CLAW #24-474763 Report a problem | ||
| 2/7/2025 | Price change | $2,150,000-6.5%$466/sqft |
Source: CLAW #24-474763 Report a problem | ||
| 12/27/2024 | Listed for sale | $2,300,000+142.1%$498/sqft |
Source: CLAW #24-474763 Report a problem | ||
| 3/13/2008 | Sold | $950,000$206/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,852 +2% | $1,247,838 +2% |
| 2024 | $14,562 +2.8% | $1,223,371 +2% |
| 2023 | $14,167 +3% | $1,199,384 +2% |
| 2022 | $13,755 +3.1% | $1,175,867 +2% |
| 2021 | $13,339 +1% | $1,152,811 +1% |
| 2020 | $13,212 | $1,140,991 +2% |
| 2019 | $13,212 +1.9% | $1,118,619 +2% |
| 2018 | $12,959 +3.7% | $1,096,686 +2% |
| 2017 | $12,494 | $1,075,183 +2% |
| 2016 | $12,494 +2.2% | $1,054,101 +1.5% |
| 2015 | $12,222 +3.4% | $1,038,268 +2% |
| 2014 | $11,818 | $1,017,930 +7.9% |
| 2013 | -- | $943,409 +2% |
| 2012 | -- | $924,911 +2% |
| 2011 | -- | $906,776 +0.8% |
| 2010 | -- | $900,000 -7.1% |
| 2009 | -- | $969,000 +696.5% |
| 2008 | -- | $121,650 +2% |
| 2007 | -- | $119,265 +2% |
| 2006 | -- | $116,927 +2% |
| 2005 | -- | $114,635 +2% |
| 2004 | -- | $112,388 +1.9% |
| 2003 | -- | $110,329 +2% |
| 2002 | -- | $108,166 +2% |
| 2001 | $1,394 +2.7% | $106,046 +2% |
| 2000 | $1,358 | $103,967 |
Find assessor info on the county website
Neighborhood: 92626
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Nearby schools
GreatSchools rating
- 10/10California Elementary SchoolGrades: K-6Distance: 0.5 mi
- 5/10Charles W. Tewinkle Middle SchoolGrades: 7-8Distance: 0.4 mi
- 6/10Estancia High SchoolGrades: 9-12Distance: 1.8 mi
- California
- Orange County
- Costa Mesa
- 92626
- 3123 Cinnamon Ave
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