$2,300,000
2940 Peppertree, Costa Mesa CA 92626
Multi-Family (Fourplex)
Property type
65 days
On market
$648
Price per sqft
4 cars
Garage
1960
Year built
6,098 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: John Kelly DRE #01232969 949-233-5574, Seven Gables Real Estate
Listing updated: Apr 2, 2026 at 08:32pm.
Last checked: Jun 5, 2026 at 07:01pm
Source: CRMLS #OC26065926
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $2,278 | $2,278 | $3,050 | Unfurnished |
| 1 | 2 | 1 | 1 | $3,048 | $3,048 | $3,050 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,871 | $1,871 | $3,050 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,871 | $1,871 | $3,050 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Dishwasher: 4
Disposal: 4
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $9,068
Financial Snapshot
Gross Rent Multiplier
21.1x
List Price / Annual Gross Rent
Cap Rate
3.2%
NOI / List Price
Gross Scheduled Income: $108,816
Operating Expense: $35,264
Net Operating Income: $73,552
Annual Operating Expenses
Gardener: $1,440
Insurance: $3,800
New Taxes: $27,515
Professional Management: $0
Trash: $1,434
Water / Sewer: $1,075
Interior
Appliances: Dishwasher, Disposal, Water Heater
Fireplace: None
Laundry: Inside
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Composition, Flat
Common Walls: One Common Wall
Direction Faces: West
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Front Yard, Level, Rectangular Lot
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Door Single, Driveway, Garage
Garage Spaces: 4
Uncovered Spaces: 4
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 13920320
Additional Parcels: No
Tax Lot: 18
Subdivision: Mesa Verde by Dike/Colegrove (MTDC)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Street Lights, Suburban, Sidewalks
Nearby Schools
Nearby schools around the 2940 Peppertree, Costa Mesa, CA 92626. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,840,000
Total Interest
$2,346,819
Total Payment
$4,186,819
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$14,176
per month
Property History for 2940 Peppertree
Costa Mesa Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92626.
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