2914 Peppertree Lane

Costa Mesa, CA 92626

$2,095,000
Price
8
Beds
4
Baths
3,551 Sq. Ft.
$590 / Sq. Ft.
3,551
Sq. Ft.
$590
per Sq. Ft.

Description

Rarely available Mesa Verde fourplex with single family residences across the street! Located just 5 miles from the ocean and very close to South Coast Plaza, Orange Coast College, Orange County Fairgrounds, Triangle Square, 17th Street with all its shopping and dining and more! This building features four two bedroom one bath units each with a private garage and parking space behind it. Additionally Unit B has a private backyard with lemon tree and second parking space behind it. Units A, C, and...Rarely available Mesa Verde fourplex with single family residences across the street! Located just 5 miles from the ocean and very close to South Coast Plaza, Orange Coast College, Orange County Fairgrounds, Triangle Square, 17th Street with all its shopping and dining and more! This building features four two bedroom one bath units each with a private garage and parking space behind it. Additionally Unit B has a private backyard with lemon tree and second parking space behind it. Units A, C, and D have been completely remodeled with quartz countertops, plank vinyl flooring, and new appliances which include stacked washer/dryers and refrigerators for the tenants’ convenience. Additional features include new roof in October 2023, dual pane windows, and recently replaced garage doors with openers, and keyless entry. This building has been professionally maintained and managed. Tenants enjoy the highly rated California elementary school. Market rents are $2425 x 3 and $2600 for the unit with the yard and second parking space. Market Gross Rent Multiplier = 17.68! Don’t miss this great value!
  1. Listed by Thomas Santoro • DRE #00794403 • Brokerage DRE #01473872 • Crane Real Estate • 714-457-3436
  2. Listed by Nathan Allen • DRE #01874648 • Brokerage DRE #01473872 • Crane Real Estate

Property Details for 2914 Peppertree Lane

Architectural Style
Traditional
View
None
Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 02/13/2025 04:44 AM

Property Details for 2914 Peppertree Lane

StatusActive Under Contract
MLS #PW24247282
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.15 AC / 6,378 SF
CountyOrange County

Building Information for 2914 Peppertree Lane

Stories2Residences-Year Built1960Building Size-Lot Size0.15 AC / 6,378 SF

Property Information for 2914 Peppertree Lane

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $107,700
  • Gross Scheduled Income: $107,700
  • Net Operating Income: $39,660
  • Gross Multiplier: 19.45
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $30,265
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,424
  • Trash Expense: $216
  • Water Sewer Expense: $1,636
  • Total Expenses: $30,265
Tax / Assessment Info
  • Tax Tract Number: 2822
  • Tax Census Tract: 638.02
  • CFD/Mello-Roos Fee: $2,883
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: Convection Oven, Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
  • Equipment: Dishwasher, Dryer, Dryer Included, Gas Dryer Hookup, In Kitchen, Laundry Closet Stacked, Refrigerator, Room, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Washer Hookup, Washer Included
  • Interior Features: 2 Staircases, Balcony, Quartz Counters, Unfurnished
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom
  • Bedroom Features: All Bedrooms Down, All Bedrooms Up, Main Floor Bedroom
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Kitchen, Individual Room, Stackable, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Vinyl
Exterior Features
  • Window Features: Blinds, Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: Composition
  • Entry Location: Multiple
  • Fence: Yes
  • Fence: Wood
  • Fencing: Average Condition, Excellent Condition, Wood
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Irregular Lot, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Utilities - Overhead, Zero Lot Line
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Door Opener, Garage, Garage - 1 Car
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2475
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,425
  • Unit Type Total Rent: $2,425
  • Unit Type Pro Forma: 2425
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2425
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Carpet: 4
  • Number With Disposal: 4

Property History for 2914 Peppertree Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2914 Peppertree Lane

Taxable ValueLand$885,586Additions$145,902Total$1,031,488
Tax Record2024$14,032 ($1,169 / month)
Home Facts
Total Finished SqFt3,551 SqFtAbove Grade Finished SqFt3,551 SqFtStories2Lot Size6,378 SqFtStyleQuadraplexYear Built1960CountyORANGEAPN139-296-06

Schools near 2914 Peppertree Lane

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
California Elementary School
PublicK to 6

Charles W. Tewinkle Middle School
Public7 to 8

Estancia High School
Public9 to 12

Maude B. Davis Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crane Real Estate, Thomas Santoro, DRE #00794403; Crane Real Estate, Nathan Allen, DRE #01874648

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.