2902 Peppertree Lane # 4
C1 - Mesa Verde Costa Mesa 92626

$2,175,000
Residential Income built: 1960

Main Photo: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
Photo 1: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
Photo 2: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
Photo 3: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
Photo 4: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
Photo 5: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
Photo 6: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
OC26209314
Year Built:
1960
Prime Mesa Verde Location – Income-Producing 4-Plex Great opportunity to own a well-located 4-plex in the highly desirable Mesa Verde area. The property offers spacious floor plan layouts, with each unit featuring 2 bedrooms and 1 bathroom. Living rooms open to dining areas and kitchens, with ceiling fans in the dining rooms and bedrooms. Unit amenities and finishes vary. Some units feature dishwashers and washer/dryer hookups in the kitchens, while others do not. Flooring varies by unit, including carpeting and laminate flooring. Several interiors have been upgraded and/or freshly painted within the past year. One downstairs unit features a spacious side yard with a block wall and patio slab. The roof is approximately 10 years old. The exterior of the buildings was painted approximately 2 years ago, and dual-pane windows were installed approximately 1 year ago. The rear of the property was renovated approximately 5 years ago and features cement driveways and additional parking. Tenants also have access to additional street parking along the single-loaded street. Great curb appeal, pride of landlord ownership. A community coin-operated laundry room is located in one of the garages, providing an additional tenant amenity. Conveniently located near shopping, dining, transportation, and other everyday amenities, this is an attractive investment opportunity in a desirable, quiet Costa Mesa neighborhood. Additional Investment Opportunity: The adjacent 4-plex at 2904 Peppertree Lane is also available for purchase under a separate MLS listing, offering a potential opportunity to acquire both properties.
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
6,970 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1960 (Age: 66)
General Listing Location:
Costa Mesa, C1 - Mesa Verde
County Or Parish:
Orange
Tenant Pays:
Cable TV, Electricity, Gas
Common Interest:
None
Gross Income:
$117,600
Gross Scheduled Income:
$117,600
Net Operating Income:
$8,560
Rent Control:
No
Total Actual Rent:
$9,800
Association Fee:
$0
Land Lease:
No
Gardener expense:
1200.0
Insurance Expense:
$2,200
Licenses expense:
49.0
Operating Expense:
$32,000
Trash Expense:
$2,400
Water and Sewer Expense:
$3,360
Tax Lot:
5
Harbor Blvd and Adams Ave
Floor
Type
Size
Other
-
Living Room
Measurements not available
-
-
Primary Bedroom
Measurements not available
-
-
Kitchen
Measurements not available
-
View:
None
Features Excluded:
Tenants Personal Property
Appliances:
Dishwasher, Electric Range, Disposal, Range Hood, Water Heater
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
4
# Units Leased:
4
Community Features:
Street Lights, Sidewalks
Senior Community:
No
Interior Features:
Ceiling Fan(s), Laminate Counters
Laundry Features:
Common Area
Window Features:
Double Pane Windows
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
2-5 Units/Acre
Fireplace Features:
None
Subdivision Name:
Mesa Verde
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
Front
Construction Materials:
Stucco, Wood Siding
New Constr.:
No
Flooring:
Concrete, Tile, Vinyl
Roof:
Composition, Flat
Common Walls:
1 Common Wall
# Units:
4
Property Condition:
Turnkey
Heating:
Wall Furnace
Fireplace:
No
Cooling:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Fencing:
Block, Wood
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Frontage Type:
City Street
Road Surface Type:
Paved
Garage Spaces:
4
Total Parking Spaces:
4
Parking Features:
Assigned, Garage, Paved
Special Listing Conditions:
Standard, Trust, No Smoking
Parcel Number:
13929612
  • Photo 1: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
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  • Photo 2: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
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  • Photo 3: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
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  • Photo 4: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
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  • Photo 5: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
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  • Photo 6: 2902 Peppertree Lane # 4 in Costa Mesa: Residential Income for sale (C1 - Mesa Verde)  : MLS®# OC26209314
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Data was last updated September 28, 2026 at 12:40 AM (UTC)