2914 Peppertree Lane, Costa Mesa, CA 92626
- $2,020,000
- Sold Price
- $2,020,000
- List Price
- $2,095,000
- Closing Date
- Mar 21, 2025
- Status
- CLOSED
- MLS#
- PW24247282
- Year Built
- 1960
- Lot Size
- 6,378
- Acres
- 0.15
- Lot Location
- Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Irregular Lot, Lawn, Landscaped, Near Park, Sprinklers Timer, Sprinkler System, Zero Lot Line
- Days on Market
- 20
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Other
Property 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 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!
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Additional Information
- Appliances
- Convection Oven, Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater, Dryer, Washer
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Public Sewer, Sewer Tap Paid
- Water
- Public
- Interior Features
- Balcony, Multiple Staircases, Quartz Counters, Unfurnished, All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $107,700
- Operating Expense
- 30265
Listing courtesy of Listing Agent: Thomas Santoro (Tom@CraneRealEstate.com) from Listing Office: Crane Real Estate.
Listing sold by Heather Liwski from Coldwell Banker Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.