2940 Peppertree Ln Costa Mesa, CA 92626
Mesa Verde NeighborhoodEstimated payment $13,130/month
Highlights
- No HOA
- Laundry Room
- Rectangular Lot
- California Elementary School Rated A
- West Facing Home
- Front Yard
About This Home
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.
Listing Agent
Seven Gables Real Estate Brokerage Phone: 949-233-5574 License #01232969 Listed on: 04/01/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 6,098 Sq Ft Lot
- 1 Common Wall
- West Facing Home
- Rectangular Lot
- Level Lot
- Front Yard
Parking
- 4 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Single Garage Door
- Driveway
Home Design
- Quadruplex
- Entry on the 1st floor
- Flat Roof Shape
- Composition Roof
Interior Spaces
- 3,551 Sq Ft Home
- 2-Story Property
- Laundry Room
Kitchen
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Exterior Lighting
- Suburban Location
- Water Heater
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 2822
- Assessor Parcel Number 13920320
- $3,418 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- Mesa Verde By Dike/Colegrove Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,440
- Insurance Expense $3,800
- Trash Expense $1,434
- Water Sewer Expense $1,075
- New Taxes Expense $27,515
- Operating Expense $35,264
- Gross Income $1
- Net Operating Income $73,552
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,229 | $780,437 | $630,839 | $149,598 |
| 2024 | $11,229 | $765,135 | $618,470 | $146,665 |
| 2023 | $10,746 | $750,133 | $606,343 | $143,790 |
| 2022 | $10,264 | $735,425 | $594,454 | $140,971 |
| 2021 | $9,826 | $721,005 | $582,798 | $138,207 |
| 2020 | $9,675 | $713,612 | $576,822 | $136,790 |
| 2019 | $9,454 | $699,620 | $565,512 | $134,108 |
| 2018 | $9,259 | $685,902 | $554,423 | $131,479 |
| 2017 | $9,118 | $672,453 | $543,552 | $128,901 |
| 2016 | $8,942 | $659,268 | $532,894 | $126,374 |
| 2015 | $8,859 | $649,366 | $524,890 | $124,476 |
| 2014 | $8,674 | $636,646 | $514,608 | $122,038 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2026 04/01/26 | For Sale | $2,300,000 | -- | $648 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26065926
APN: 139-203-20
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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