2940 Peppertree Ln, Costa Mesa, CA 92626
Property image
Property image
FOR SALE
Listed by John Kelly, Seven Gables Real Estate, (949) 233-5574

$2,250,000

Original price: $2,300,000
  • 8 Beds
  • 4 Baths
  • 3,551 sqft

2940 Peppertree Ln, Costa Mesa, CA 92626

Est. Mortgage $13,966/mo*
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Home Highlights

Multi-Family
Built in 1960
$634/sqft
Garage

Local Information

  • Map ViewExplore the area around 2940 Peppertree Ln.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.

Home Details for 2940 Peppertree Ln

Interior Features

Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4
Appliances & Utilities
Appliances: Dishwasher, Disposal, Water HeaterDishwasherDisposalLaundry: Inside
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Windows, Doors, Floors & Walls
Common Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1
Security
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Composition FlatNo Private Pool
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Open Parking Spaces: 4Has a GarageNo Attached GarageParking Spaces: 8Parking: Door-Single,Driveway,Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 103Days on Market: 169

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 13920320

Price & Status

Price
List Price: $2,250,000Price Per Sqft: $634

Active Status

MLS Status: Active

Location

Direction & Address
City: Costa MesaCommunity: Mesa Verde By Dike/Colegrove (Mtdc)

Agent Information

Listing Agent
Listing ID: OC26065926

Building

Building Area
Building Area: 3551 Square Feet

Community

Community Features: Curbs, Street Lights, Suburban, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

Lot Information

Lot Area: 6098 sqft

Listing Info

Special Conditions: Standard

Offer

Contingencies: Showing Instructions: DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS. Call John Kelly 949-233-5574.Listing Terms: Cash, Cash to New Loan

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: OC26065926Living Area Range Units: Square FeetAttribution Contact: 949-233-5574Common Interest: NoneUniversal Property Id: US-06059-N-13920320-R-N

Additional Information

CurbsStreet LightsSuburbanSidewalksSource Internet Entire Listing Display

Around this home

What Locals Say about Costa Mesa

At least 987 Trulia users voted on each feature.

  • 92 % Say it's dog friendly

  • 89 % Say there are sidewalks

  • 84 % Say car is needed

  • 78 % Say it's walkable to restaurants

  • 71 % Say there's holiday spirit

  • 70 % Say it's walkable to grocery stores

  • 66 % Say streets are well-lit

  • 66 % Say people would walk alone at night

  • 62 % Say yards are well-kept

  • 61 % Say parking is easy

  • 61 % Say kids play outside

  • 54 % Say it's quiet

  • 54 % Say they plan to stay for at least 5 years

  • 54 % Say neighbors are friendly

  • 50 % Say there's wildlife

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • 4qrsyhj9hv
    "I live here for almost 3 years the area is nice and quiet good neighborhood and clean air Newport Beach is close to my apartment and shops everything "
    0
    Flag
  • 4qrsyhj9hv
    "I’m live in Costa Mesa since in 3 years the area is safe and Nighborhod is safe and close to Newport Beach and fun places "
    0
    Flag
  • Kayla Marie
    "Public transit is amazing in this city, bus comes every 20 mins in most areas here (: Even riding my bike is a great way to get around, everything is super close and I have really enjoyed the mostly flat streets and bike lanes provided by the city"
    0
    Flag
  • Luka J
    "Close to all freeways. My commute is only 12-18 minutes depending on traffic. Even with traffic I have access to backstreets if needed."
    0
    Flag
  • Lyndsay Jackson
    "Eastside Costa Mesa is a family friendly neighborhood. Backbay is a good place to exercise and meet up with friends for a casual walk "
    0
    Flag
  • ssbiken
    "It’s a safe neighborhood very nice community park.well lit has pool, tennis, racket ball courts clean bathrooms and out side shower after swimming in the pool to rinse off"
    0
    Flag
  • Albert Luu
    "OC Fair holding events weekly and Segerstrom Performing Art Center having great events weekly. Also the availability of many restaurants all within a short drive. "
    1
    Flag
  • Mrobbins055
    "It’s on the boarder of Newport and Costa Mesa and it feels very safe. I walk with my baby and dog daily."
    0
    Flag
  • ssbiken
    "You can walk to the mall and grocery store if you wanted to.The bus is within walking distance. Nice area to live for people with children."
    0
    Flag
  • Tina Gutierrez
    "I have a hybrid work schedule and am lucky enough to not have to commute on thee freeway unless I want to. "
    1
    Flag
  • ssbiken
    "A well kept environment owner show that they are proud of their community. It is a great place to raise children, dog friendly and close to stores, restaurants, and local mall."
    1
    Flag
  • Tina Gutierrez
    "A mix of old and new homes with generous sprinkles of rentals. Very walk-friendly with a neighborhood feel. Lots of spots to eat and grab drinks. "
    1
    Flag
  • Trulia User
    "New development mixed with 1950-1960 older housing. Shaved driveways mixed with track homes. Good schools and well maintained parks."
    0
    Flag
  • Trulia User
    "The back bay is by far the best benefit of living in this neighborhood. Lots of noise from the airport but you get used to it. "
    0
    Flag
  • Trulia User
    "Everyone smiles as you walk by on the sidewalk. Very friendly people. Considerate neighbors. A few bad apples, but that’s everywhere. "
    4
    Flag
  • Maria M.
    "Very important for parents to know that our neighborhoods are over populated and unfortunately we no longer have the the city of Costa Mesa code enforcement making sure codes are being enforced. To many fast food restaurants that people litter and drive very fast in residential areas. "
    40
    Flag
  • Crashowe
    "Different styles of houses and different ethnicities , cozy home - some not too big or too new etc etc "
    0
    Flag
  • Cristina
    "People walk their dogs all of the time. Poop bags available as well to keep the community clean. "
    0
    Flag
  • Sheryldye
    "Great access to freeways and major roads . Less than 5 minutes to South Coast Plaza , movie theaters and multiple grocery stores . "
    8
    Flag
  • Jimmy H.
    "Very centrally located, for shops, groceries, freeways and my work. I lived here on and off for many years. "
    2
    Flag
  • Lauriehipp
    "My neighborhood provides great public access and well lit sidewalks. We have a well working traffic lights and signs for us to get directions. "
    0
    Flag
  • Nicweinstein
    "Accessibility from residential to freeways, shops, ocean with lots of great hangs all close to each other!"
    0
    Flag
  • Kym M.
    "OC Fair comes from July through August in the summertime. But Costa Mesa doesn’t really have a lot of community events. "
    0
    Flag
  • Sarah T.
    "I live in a gated community and feel safer that way. I would say the surrounding apartments/neighborhoods aren’t as nice as my community but if you drive 2-3min in each direction it’s a lot nicer over there. Like that I’m only 15min away from the beach too"
    9
    Flag
  • Cassandra M.
    "there are a lot of people who walk their dogs in this area - dogs of all sizes! There are not a ton of huge lawns. "
    0
    Flag
  • Destiny
    "coyotes are a real big problem there are a lot of different sectors of Costa Mesa. mostly nice got families. "
    0
    Flag
  • Amyshepherd
    "Dog parks could be better maintained, and area could be more dog friendly, but there have been improvements, more restaurants / business allow dogs"
    0
    Flag
  • Destiny
    "mostly family oriented. certain neighborhoods get to know eachother more than others. not all neighborhoods are equal. all four corners are very different neighborhoods in their own special way."
    0
    Flag
  • Mmhauser1
    "Limited sidewalks and lots of joggers/ walkers make it difficult during rush hour to pass other fellow walkers "
    0
    Flag
  • Arutianr
    "There are a lot of events like concerts in the park, annual fish fry, and neighborhood gatherings to build community"
    0
    Flag
  • Azucena R. G.
    "alot of the community around have dogs and plenty love to walk them around their neighborhoods theres also a dog park driving distance near that's on Newport boulevard going South bound by the fair grounds. just always remember to take ur goody bag with u in order to always pick up after ur canine. and always their water. "
    4
    Flag
  • Diana L.
    "Nice close to john Wayne shopping malls everything Is Close by. Ppl are kind Trader Joe’s is up the block Bloomies is down the street and a lot of restaurants "
    0
    Flag
  • Seanpatrick7
    "Lots of folks walking their dogs. However, sometimes there are liquor bottles, chicken bones, or other dangerous items on the sidewalks."
    1
    Flag
  • Dan D.
    "Up and coming neighbored people are nice lots of good schools and restaurants . Beach close and good coastal breezes "
    1
    Flag
  • Joelle S.
    "We’re right next to the OC fairgrounds. There’s always an event going on. It’s close to the freeway for travel. The location close to Back Bay which is great for walks or workouts. "
    1
    Flag
  • Hookashley
    "The neighborhood has lots of local, walkable restaurants. Plus, many more opening every month... lots of growth here."
    1
    Flag
  • Joannbkenyon
    "Great neighborhood but most parents take their kids to other schools in the Mesa Verde area. Great trick or treating. Great for walking and biking around. "
    1
    Flag
  • dorothy p
    "orange county fair grounds, lots of churches, south coast plaza, orange coast college, triangle square entertainment center, the beaches."
    1
    Flag
  • Jon D.
    "It’s great to walk your kids and your dogs in the evening but it doesn’t make sense not to pick up after your dog"
    1
    Flag
  • Azucenagarcia8823
    "we have firefighters open houses, community events, womens community clubs, for 4th of july theres always local schools being represented. "
    0
    Flag

Market trends in Costa Mesa

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.45M
$73.5KMoM
Sale-to-List Price
98.6%
0.4%MoM
Price per sq ft
$859
$31MoM
Available listings
179
14MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2976 Royal Palm Dr, Costa Mesa, CA
0.12
Multi-Family Home
$1,975,000
11/07/25
8
4
7,405
1367 Baker St, Costa Mesa, CA
0.36
Multi-Family Home
$1,570,000
02/18/26
6
4
2,784
2865 Mendoza Dr, Costa Mesa, CA
1.14
Multi-Family Home
$1,680,000
12/08/25
8
4
3,086
3102 Ginger Ave, Costa Mesa, CA
0.34
Multi-Family Home
$2,170,000
09/11/26
9
8
-
2937 Mendoza Dr, Costa Mesa, CA
1.12
Multi-Family Home
$2,260,000
06/01/26
20
30
4,701
998 Mission Dr, Costa Mesa, CA
1.27
Multi-Family Home
$1,810,000
07/17/26
7
7
4,087
1016 Valencia St, Costa Mesa, CA
1.23
Multi-Family Home
$2,275,000
03/06/26
12
8
4,670
1010 Valencia St, Costa Mesa, CA
1.24
Multi-Family Home
$2,350,000
11/07/25
12
8
4,670
2271 Pomona Ave, Costa Mesa, CA
1.51
Multi-Family Home
$2,400,000
04/09/26
8
4
3,301
994 Valencia St, Costa Mesa, CA
1.28
Multi-Family Home
$3,250,000
12/05/25
10
9
5,267

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2947 Peppertree Ln, Costa Mesa, CA 92626
0.04
$1,360,400
3
2
1,451
Off Market
2924 Royal Palm Dr, Costa Mesa, CA 92626
0.07
$1,488,400
4
2
1,743
Off Market
2914 Peppertree Ln, Costa Mesa, CA 92626
0.08
-
8
4
3,551
Off Market
2957 Royal Palm Dr, Costa Mesa, CA 92626
0.09
$1,684,100
3
2
1,357
Off Market
2976 Royal Palm Dr, Costa Mesa, CA 92626
0.12
$2,150,000
8
4
7,405
For Sale
2910 Peppertree Ln, Costa Mesa, CA 92626
0.11
-
8
4
3,552
Off Market
2964 Redwood Ave, Costa Mesa, CA 92626
0.12
$1,650,000
3
2
1,451
For Sale
2972 Redwood Ave, Costa Mesa, CA 92626
0.14
$1,550,600
3
2
1,357
Off Market
1600 Primrose St, Costa Mesa, CA 92626
0.13
$1,569,700
3
2
1,600
Off Market
2901 Royal Palm Dr, Costa Mesa, CA 92626
0.14
$1,429,500
4
2
1,667
Off Market
2983 Royal Palm Dr, Costa Mesa, CA 92626
0.15
$1,546,600
3
2
1,427
Off Market

Price and Tax history

DateEventPrice
Jul 13, 2026
Source: CRMLS #OC26065926
PriceChange
$2,250,000
Price decreased by 2%
Apr 2, 2026
Source: CRMLS #OC26065926
Listed For Sale
$2,300,000

LGBTQ Local Legal Protections

John Kelly, Seven Gables Real Estate
Agent Phone: (949) 233-5574
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. as of 2026-09-17 13:11:17 PDT 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

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Frequently asked questions about 2940 Peppertree Ln

  • What is the estimated monthly payment for 2940 Peppertree Ln?
    Based on a $2,250,000 list price with 20% down at today's rates, the estimated monthly payment for 2940 Peppertree Ln in Costa Mesa, CA is approximately $14,177 (about $12,114 principal & interest, $1,988 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 2940 Peppertree Ln compare to homes in Costa Mesa?
    2940 Peppertree Ln in Costa Mesa, CA is listed at $2,250,000, about 56% above the $1.45M median sale price in Costa Mesa.
  • What do residents say about Costa Mesa?
    Residents describe Costa Mesa, CA as dog-friendly, pedestrian-friendly, and walkable to restaurants. See homes for sale in Costa Mesa, CA.
  • What are the closest schools to 2940 Peppertree Ln?
    The closest schools to 2940 Peppertree Ln in Costa Mesa, CA are California Elementary School (rated 10/10), Charles W. Tewinkle Middle School (rated 5/10), Estancia High School (rated 6/10).
  • Does 2940 Peppertree Ln have laundry facilities?
    Yes, 2940 Peppertree Ln in Costa Mesa, CA has laundry facilities.
2940 Peppertree Ln, Costa Mesa, CA 92626 is a 8 bedroom, 4 bathroom, 3,551 sqft multi-family built in 1960. This property is currently available for sale and was listed by CRMLS on Apr 2, 2026. The MLS # for this home is MLS# OC26065926.