Costa Mesa, CA 92626 2940 Peppertree
$2,300,000
4 more
Presented By: John Kelly with Seven Gables Real Estate; 949-233-5574
Baths • 1
SQFT • 3,551
Garage • 4
Home Details
This prime 4-plex in Costa Mesa’s coveted Mesa Verde neighborhood offers a stable investment with significant upside potential. The property features four units, including two single level residences and two upper units, offering a versatile layout attractive to a wide range of tenants. This property benefits from a more residential feel while maintaining strong income potential. Each unit includes a one car garage, with additional street parking available. A spacious front yard with a grass lawn enhances curb appeal and provides a welcoming setting. Ideally situated just five miles from the coast, this property offers convenient access to premier destinations including South Coast Plaza, Orange Coast College, the OC Fairgrounds, Triangle Square, and the vibrant shopping and dining. A rare opportunity to own a well-located, income-producing property in one of Costa Mesa’s most sought-after communities.
Presented By: John Kelly with Seven Gables Real Estate; 949-233-5574
Interior Features for 2940 Peppertree
Other Interior Features
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 2940 Peppertree
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Water Heater
Building Area UnitsSquare Feet
Cap Rate3.2
CityCosta Mesa
Community FeaturesCurbs, Street Lights, Suburban, Sidewalks
ContingencyShowing Instructions: DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS. Call John Kelly 949-233-5574.
CountyOrange
DirectionsAdams to Royal Palm to Peppertree
Entry Location1
Facing DirectionWest
Garage Spaces4
Garage Y/NYes
Gross Income1
HOANo
HOA Fee$
Insurance Expense3800
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet6098
Lot Size UnitsSquare Feet
MLS AreaC1 - Mesa Verde
Net Operating Income73552
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces4
Operating Expense35264
Pool FeaturesNone
PostalCityCOSTA MESA
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition, Flat
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameMesa Verde by Dike/Colegrove (MTDC)
Tax Lot18
Taxes$27,515
Total Actual Rent9068
Trash Expense1434
Water Sewer Expense1075
Year Built1960
Year Built SourceAssessor
Exterior for 2940 Peppertree
Building Area Total3551
Lot FeaturesFront Yard, Level, Rectangular Lot
Lot Size Acres0.14
Lot Size Area6098
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesDoor-Single, Driveway, Garage
Private PoolNo
SpaNo
Total Parking8
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®