4-Unit Quadplex with
New
For Sale
$1,999,999
2956 Peppertree, Costa Mesa, CA 92626
Four two-bedroom residences include individual garages, kitchen laundry hookups, and dishwashers.
Property Size3,550 SF
Days on Market4
Property Features for 2956 Peppertree
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
ceiling fans
dishwashers
washer/dryer hookups
Building Details
Building Size
3,550 SF
Year Built
1960
Buildings
1
Listing Agency:
Together Realty
Listed By:
Howard Dinh · License #01955933
(949) 681-8300
Source:
Altamirarealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 8:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Together Realty
Investment Insights
Based on property information with market context.
This Costa Mesa quadplex contains four residences, each arranged with two bedrooms and one bathroom. Living areas connect to dining spaces and kitchens; dishwashers and washer/dryer hookups are provided. Laminate flooring is installed, and interior finishes differ among units. Several have received upgrades, and the property was built in 1960. Each residence has its own garage.
The property is in Mesa Verde. BikeScore is 90, WalkScore is 72, and TransitScore is 45. All four units are occupied.
The property is in Mesa Verde. BikeScore is 90, WalkScore is 72, and TransitScore is 45. All four units are occupied.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Individual garage for each residence
- Dishwashers and washer/dryer hookups in the kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,163
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,623,260
$1.6M
Cap Rate 7%
$1,159,471
$1.2M
Cap Rate 9%
$901,811
$901.8K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$121.4K $34.20/SF
− Vacancy
−$5.5K −$1.54/SF
EGI
$115.9K $32.66/SF
− OpEx
−$34.8K −$9.80/SF
NOI
$81.2K $22.86/SF
Area
Costa Mesa, CA
Vacancy
4.50%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,623,260
Cap Rate 7%
$1,159,471
Cap Rate 9%
$901,811
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,163 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$1.08M
$941.9K – $1.26M
NOI $75,351 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,164 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 92626, CA
50,885
Population
20,643
Households
2.5
Avg Household Size
37
Median Age
46%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
5,246
Density / Sq Mi
$117,627
Median Household Income
$55,920
Median Earnings
$2,520
Median Rent
$1,037,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include individual garages, kitchen laundry hookups, and dishwashers.
Where is this quadplex located?
The property is located at 2956 Peppertree Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Individual garage for each residence; Dishwashers and washer/dryer hookups in the kitchens
