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2940 Peppertree
C1 - Mesa Verde Costa Mesa 92626

$2,300,000
Residential Income built: 1960

Main Photo: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 1: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 2: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 3: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 4: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 5: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 6: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 7: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 8: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Photo 9: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
OC26065926
Year Built:
1960
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.
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
6,098 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1960 (Age: 66)
General Listing Location:
Costa Mesa, C1 - Mesa Verde
County Or Parish:
Orange
Common Interest:
None
Gross Income:
$1
Gross Scheduled Income:
$108,816
Net Operating Income:
$73,552
Cap Rate %:
3.2
Rent Control:
Yes
Total Actual Rent:
$9,068
Association Fee:
$0
Land Lease:
No
Gardener expense:
1440.0
Insurance Expense:
$3,800
Taxes expense:
27515.0
Operating Expense:
$35,264
Professional Management Expense:
$0
Trash Expense:
$1,434
Water and Sewer Expense:
$1,075
Tax Lot:
18
Adams to Royal Palm to Peppertree
Appliances:
Dishwasher, Disposal, WaterHeater
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
1
# Units Leased:
4
Community Features:
Curbs, Street Lights, Suburban, Sidewalks
Senior Community:
No
Laundry Features:
Inside
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Front Yard, Level, Rectangular Lot
Fireplace Features:
None
Security Features:
CarbonMonoxideDetectors, SmokeDetectors
Subdivision Name:
Mesa Verde by Dike/Colegrove (MTDC)
Direction Faces:
West
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
New Constr.:
No
Roof:
Composition, Flat
Common Walls:
OneCommonWall
# Units:
4
Fireplace:
No
Water supply:
Public
Sewer:
PublicSewer
Spa:
No
Garage Spaces:
4
Uncovered Spaces:
4
Total Parking Spaces:
8
Parking Features:
Door-Single, Driveway, Garage
Special Listing Conditions:
Standard
Parcel Number:
13920320
  • Photo 1: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
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  • Photo 2: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
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  • Photo 9: 2940 Peppertree in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26065926
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Listed by Seven Gables Real Estate
Data was last updated April 3, 2026 at 04:40 PM (UTC)