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.
For sale
Listed by: Seven Gables Real Estate • John Kelly • Contact: 949-233-5574
Price cut: $50K (7/13)
$2,250,000
2940 Peppertree Ln, Costa Mesa, CA 92626
8beds
4baths
3,551sqft
:
Get pre-qualified$14,792/mo
Quadruplex
Built in 1960
-- sqft lot
$-- Zestimate®
$634/sqft
$-- HOA
What's special
- 120 days |
- 371 |
- 27 |
Zillow last checked:
Listing updated:
Listed by:
John Kelly DRE #01232969 949-233-5574,
Seven Gables Real Estate
Source: CRMLS,MLS#: OC26065926
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Included: Dishwasher, Disposal, Water Heater
- Laundry: Inside
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,551
- Total interior livable area: 3,551 sqft
Property
Parking
- Total spaces: 8
- Parking features: Door-Single, Driveway, Garage
- Garage spaces: 4
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
Lot
- Size: 6,098 Square Feet
- Features: Front Yard, Level, Rectangular Lot
Details
- Parcel number: 13920320
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Composition,Flat
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Street Lights, Suburban, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Mesa Verde By Dike/Colegrove (Mtdc)
Location
- Region: Costa Mesa
Financial & listing details
- Price per square foot: $634/sqft
- Tax assessed value: $780,437
- Annual tax amount: $11,594
- Date on market: 4/1/2026
- Cumulative days on market: 120 days
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 9068
Estimated market value
Not available
Estimated sales range
Not available
$4,532/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Price change | $2,250,000-2.2%$634/sqft |
Source:  CRMLS #OC26065926 Report a problem | ||
| 4/2/2026 | Listed for sale | $2,300,000$648/sqft |
Source: CRMLS #OC26065926 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,594 +3.3% | $780,437 +2% |
| 2024 | $11,228 +4.5% | $765,135 +2% |
| 2023 | $10,746 +4.7% | $750,133 +2% |
| 2022 | $10,264 +4.5% | $735,425 +2% |
| 2021 | $9,826 +1.6% | $721,005 +1% |
| 2020 | $9,675 | $713,612 +2% |
| 2019 | $9,675 +2.3% | $699,620 +2% |
| 2018 | $9,454 +3.7% | $685,902 +2% |
| 2017 | $9,118 | $672,453 +2% |
| 2016 | $9,118 +2% | $659,268 +1.5% |
| 2015 | $8,942 +3.1% | $649,366 +2% |
| 2014 | $8,674 | $636,646 +0.5% |
| 2013 | -- | $633,769 +1% |
| 2012 | -- | $627,495 +2% |
| 2011 | -- | $615,192 +0.8% |
| 2010 | -- | $610,595 -0.2% |
| 2009 | -- | $612,047 +2% |
| 2008 | -- | $600,047 +2% |
| 2007 | -- | $588,282 +2% |
| 2006 | -- | $576,748 +2% |
| 2005 | -- | $565,440 +2% |
| 2004 | -- | $554,353 +1.9% |
| 2003 | -- | $544,193 +20.9% |
| 2002 | -- | $450,000 +16.9% |
| 2001 | $4,972 +12.6% | $385,000 +14.2% |
| 2000 | $4,414 | $337,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 92626
Nearby schools
GreatSchools rating
- 10/10California Elementary SchoolGrades: K-6Distance: 0.9 mi
- 5/10Charles W. Tewinkle Middle SchoolGrades: 7-8Distance: 0.7 mi
- 6/10Estancia High SchoolGrades: 9-12Distance: 1.5 mi
- $--2 bd1 ba895 sqft2940 Peppertree Ln APT B, Costa Mesa, CA 92626Off Market
- $--2 bd1 ba1.2k sqft2936 Peppertree Ln APT C, Costa Mesa, CA 92626Off Market
- $1,184,7362 bd1 ba890 sqft2944 Peppertree Ln, Costa Mesa, CA 92626Off Market
- $--2 bd1 ba870 sqft2944 Peppertree Ln #C, Costa Mesa, CA 92626Off Market
- $1,421,789-- bd-- ba3.5k sqft2936 Peppertree Ln, Costa Mesa, CA 92626Off Market
- $1,847,6006 bd-- ba3.5k sqft2948 Peppertree Ln, Costa Mesa, CA 92626Off Market
- $--2 bd1 ba880 sqft2948 Peppertree Ln APT C, Costa Mesa, CA 92626Off Market
- $1,299,411-- bd-- ba3.5k sqft2932 Peppertree Ln, Costa Mesa, CA 92626Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $1,650,0006 bd5 ba3.1k sqft3045 Coolidge Ave, Costa Mesa, CA 92626For Sale
MLS ID #OC26159419, Dave Troutt, Seven Gables Real Estate. CRMLS - $2,195,0006 bd6 ba3.4k sqft1124 Victoria St, Costa Mesa, CA 92627For Sale
MLS ID #OC26045159, Greg Bassirpou, Marcus & Millichap RE Invest. CRMLS - $1,895,0006 bd6 ba3.8k sqft408 Ford Rd, Costa Mesa, CA 92627For Sale
MLS ID #PW26118632, Rick Applebaum, Morgan Skenderian. CRMLS - $2,650,0008 bd4 ba3.6k sqft206 Portland Ave, Huntington Beach, CA 92648For Sale
MLS ID #OC26144065, Jody Clegg, Compass. CRMLS - $1,950,0007 bd7 ba3.6k sqft2405 Whitesands Dr, Huntington Beach, CA 92648For SaleMLS ID #PW26116321, Emily Ching, Cerritos Investments Inc.. CRMLS
- $2,295,0008 bd5 ba3.3k sqft461 N Citrus St, Orange, CA 92868For SaleMLS ID #PW26160701, Daniel Gomez, Younglewin Advisors, Inc.. CRMLS
- $1,879,0009 bd6 ba4.2k sqft415 W Pine St, Santa Ana, CA 92701For SaleMLS ID #NP26166053, Randall Mycorn, R L M Equities. CRMLS
- $2,325,0008 bd7 ba3.8k sqft7781 15th St, Westminster, CA 92683AuctionMLS ID #PW26085626, Karen Ngoc Lang Luu, Century Financial Group, Corp.. CRMLS
- $2,295,0008 bd8 ba4.3k sqft4822 Neely Cir, Huntington Beach, CA 92649For SaleMLS ID #OC26136724, Robert Tran, HPT Realty. CRMLS
- $2,050,0007 bd5 ba3.1k sqft12812 Louise St, Garden Grove, CA 92841For SaleMLS ID #DW26158737, Gabriel Galvez, Green Equity, Inc. CRMLS
- $2,475,0008 bd8 ba4k sqft307 N Tustin Ave, Anaheim, CA 92807For SaleMLS ID #OC26155569, Yazen Haddad, E Realty. CRMLS
- $1,729,0008 bd7 ba4.2k sqft401 Nobel Ave, Santa Ana, CA 92707For SaleMLS ID #OC26137149, Ray Ma, Coldwell Banker New Century. CRMLS
- $1,975,0006 bd4 ba2.6k sqft204 Springfield Ave, Huntington Beach, CA 92648For SaleMLS ID #PW26114061, Shana Klisanin, Baytown Realty. CRMLS
- $1,930,0008 bd8 ba4.4k sqft13391 Palm St, Garden Grove, CA 92843For SaleMLS ID #TR26042968, Mark Parubrub, A + Realty & Mortgage. CRMLS
- $2,290,0009 bd9 ba4.7k sqft12582 Adelle St, Garden Grove, CA 92841For SaleMLS ID #OC26119486, Scott Gerard, Gerard Properties Inc.. CRMLS
- $1,850,0008 bd6 ba4k sqft13152 Pleasant St, Garden Grove, CA 92843For SaleMLS ID #OC26085902, Elizabeth Do, Keller Williams Realty. CRMLS
- $1,924,9008 bd7 ba4k sqft13291 Fletcher St, Garden Grove, CA 92844For SaleMLS ID #PW26030946, Hung Hoang, New Empire Realty. CRMLS
- $2,050,0008 bd6 ba4.2k sqft13561 Arizona St, Westminster, CA 92683For SaleMLS ID #NP26152609, Randall Mycorn, R L M Equities. CRMLS
- $2,600,00010 bd6 ba4.6k sqft1015 Georgia St, Huntington Beach, CA 92648For SaleMLS ID #OC26117922, Leo Betancourt, RE/MAX TerraSol. CRMLS
- $1,499,0007 bd4 ba3k sqft508 W Edinger Ave, Santa Ana, CA 92707For SaleMLS ID #OC26050036, Ming Chen, RE/MAX Connections. CRMLS
Local buyer's agents are ready to help
