Movoto Real Estate

2940 Peppertree, Costa Mesa, CA 92626

$2,250,000
•
  • —

    bed

  • —

    bath

Multi-family for sale 206 days
$50K price drop

About 2940 Peppertree

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 6,098 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - John Kelly
Listing Agent Contact: 949-233-5574
Listing Office - Seven Gables Real Estate
Source: CRMLS mls logo
MLS#OC26065926 • last updated 3 months ago
Movoto checked CRMLS for data 6 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Active
Lot Size (Acres) 0.14
Lot Size (SqFt) 6098
Year Built 1960
Interior
Laundry Inside
Appliances Water Heater, Disposal, Dishwasher
Exterior
Building Area Square Feet, 3551
Parking Garage - Single Door, Driveway
# Uncovered Spaces 4
# Parking Spaces 8
# Garage Spaces 4
Lot Description Rectangular Lot, Level, Front Yard
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
County Orange
Community Features Curbs, Street Lights, Sidewalks, Suburban
Subdivision Mesa Verde By Dike/Colegrove (MTDC), Mesa Verde By Dike/Colegrove (MTDC)
Neighborhood Mesa Verde
Directions Adams To Royal Palm To Peppertree
APN 13920320
Multifamily Details
Expense: Trash 1434
Operating Expense 35264
Cap Rate 3.2
Expense: Insurance 3800
Total Expenses 35264
Expense: Water/ Sewer 1075
Gross Income 1
Gross Operating Income 1
Gross Multiplier 21.14
Gross Scheduled Income 108816
Expense: Gardener 1440
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6/10
Source: GreatSchools.org © 2026. All rights reserved.

Around Mesa Verde

Explore everything this neighborhood has to offer. Learn more about Mesa Verde.
75/100
Walk
69/100
Family
96/100
Dining
99/100
Pet
  • Real Estate
  • CA
  • Orange County
  • Costa Mesa
  • 92626
  • Mesa Verde
  • 2940 Peppertree

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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