Est. cap rate

3.3%

Assumed rent, all units

$12,240/mo

Units

4

Price per unit

$556,250

Est. annual NOI

$73,440

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,550 sqft

Lot size

6,098 sqft

Year built

1960

Stories

2

Garage spaces

4

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

8

MLS #

247508082

About this property

RARE INVESTMENT OPPORTUNITY IN HIGHLY DESIRABLE MESA VERDE! Great opportunity to own a well-located 4-plex in the highly desirable Mesa Verde area. The property features spacious floor plan layouts, with each unit offering 2 bedrooms and 1 bathroom. The living rooms open to the dining areas and kitchens, with ceiling fans in the dining rooms and bedrooms. Several units have been upgraded, including one unit that is completely furnished. Interior finishes and amenities vary by unit. Some units feature dishwashers and washer/dryer hookups in the kitchen, while others do not. Flooring includes carpeting, with two downstairs units featuring laminate flooring. Some interiors have also been freshly painted within the past year. The roof is approximately 10 years old, and the property features newer dual-pane windows throughout, approximately 1 year old. The buildings' exteriors were painted about 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. Newer roll-up garage doors provide an additional update to the property. Great curb appeal, pride of landlord ownership. Great location near shopping, dining, transportation, and other everyday conveniences, adding to the property's appeal for both investors and tenants. Quiet Mesa Verde community. ADDITIONAL INVESTMENT OPPORTUNITY: The adjacent 4-plex at 2902 Peppertree is also available for purchase under a separate MLS listing, providing a potential opportunity to acquire both properties.

Location

2904 Peppertree Lane

Costa Mesa, Orange, CA, 92626