NOT LISTED FOR SALE
8 Beds
4 Baths
3,552 Sq Ft
0.26 Acres

Last Sold October 20, 2023

Last sale price $1,915,000 $539 Per Sq Ft

55 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Living Room
  • California Elementary School Rated A
  • Double Pane Windows
  • Laundry Room

About This Home

As of October 2023

We are pleased to present the sale of 2910 Peppertree Lane, a 4 unit multifamily property located in the city of Costa Mesa. Each unit features 2 bedrooms, 1 bathroom, and approximately 888 SF of living space. This property sits on one of the largest lots in the area at approximately 11,324 SF which offers numerous possibilities. Other features include washer/dryer hookups in each unit, single car garages with additional parking, dual pane windows throughout, separately metered for gas /electricity, and a newer roof which was installed in 2018. The subject property offers significant rental upside and the opportunity to dramatically increase cash flow. Tenants enjoy close proximity to South Coast Plaza, major freeways, and all the amenities Harbor Blvd has to offer!

Last Listed By

Chris Maddy

Pacific Sotheby's Int'l Realty License #01946797 Listed on: 07/28/2023

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.26 Acre Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,552 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room

Kitchen

  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 9
  • Tax Tract Number 2822
  • Assessor Parcel Number 13929608

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Mesa Verde Residential Income Subdivision

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $2,200
  • Maintenance Expense $2,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $20,948
  • Operating Expense $28,948
  • Net Operating Income $43,996

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 498750
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Mesa Verde Residential Income (MVRI)
  • View: No
  • Water Sewer Expenses: 2000.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 13929608
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 539.13
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Range Hood
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 76200.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 11326.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 43996.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 29948.00
  • Rent Control: No
  • Total Expenses: 28948.00

Tax Info

  • New Taxes Expense: 20948.00
  • Tax Census Tract: 638.02
  • Tax Lot: 9
  • Tax Tract Number: 2822

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2023 10/20/23 Sold $1,915,000 -4.0% $539 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $1,995,000 -- $562 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23135057

California Regional Multiple Listing Service (CRMLS)

APN: 139-296-08