2940 Peppertree Ln Costa Mesa, CA 92626
Mesa Verde NeighborhoodEstimated payment $13,669/month
Highlights
- No HOA
- West Facing Home
- Front Yard
- California Elementary School Rated A
- Rectangular Lot
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 in unit
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
Amenities
- Laundry Facilities
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,594 | $1,976,760 | $1,822,951 | $153,809 |
| 2025 | $11,594 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/13/2026 07/13/26 | Price Changed | $2,250,000 | -2.2% | $634 / Sq Ft |
| 04/01/2026 04/01/26 | For Sale | $2,300,000 | -- | $648 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | North American Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $243,200 | New Conventional | |
| Previous Owner | $67,600 | Credit Line Revolving | |
| Previous Owner | $280,248 | Unknown | |
| Previous Owner | $276,800 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26065926
APN: 139-203-20
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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
- 2976 Royal Palm Dr
- 2964 Redwood Ave
- 2859 Hickory Place
- 2972 Teakwood Place
- 1582 Ponderosa St
- 3064 Gibraltar Ave
- 3095 College Ave
- 1430 Shamrock Ln
- 1635 Coriander Dr
- 2707 Ashwood
- 3097 Molokai Place
- 1697 Labrador Dr
- 1209 Citrus Place
- 1818 Samar Dr
- 3080 Country Club Dr
- 1288 Londonderry St
- 2904 Club House Rd
- 1815 Kinglet Ct
- 2534 Cornerstone Ln
- 2782 Longwood Ct
- 2855 Pinecreek Dr
- 1300 Adams Ave
- 2700 Peterson Place
- 2775 Mesa Verde Dr E
- 1250 Adams Ave
- 2500 Merrimac Way
- 1210 Citrus Place
- 425 Merrimac Way
- 2519 Cornerstone Ln Unit 1
- 3017 Cleveland Ave
- 263 Hanover Dr
- 2528 Bowdoin Place
- 2937 Mendoza Dr Unit C
- 2977 Mendoza Dr
- 2400 Harbor Blvd
- 2802 Shantar Dr
- 1040 El Camino Dr Unit B
- 1142 Buckingham Dr
- 3352 Via Parma
- 1022 El Camino Dr Unit C
Ask me questions while you tour the home.