$1,999,900

For Sale

A month ago

2859 Hickory Pl, Costa Mesa, CA

Name: 2859 Hickory Pl, For Sale in Costa Mesa - eXp Realty
Brand: Realty Network
SKU: V1-38449
Price: 1999900 USD

House

MLS® V1-38449

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage Yes

Taxes

Days Active 40

Lot Size 0.16 Acres

Approx. Age 1965

MLS® Number V1-38449

Property Address: 2859 Hickory Pl, Costa Mesa, CA, 92626-3826

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to acquire a well-located four-unit investment property in the heart of Costa Mesa, offering an attractive combination of strong in-place rental income and meaningful future upside. With rents currently below projected market levels, the property provides an investor with the opportunity to increase income over time while benefiting from four established rental income streams. The desirable unit mix consists of one three-bedroom residence and three two-bedroom residences, providing larger and more versatile floor plans than many typical apartment investments. This mix appeals to a broad tenant base, including professionals, couples, families and those seeking additional space for a home office. Tenants pay their own gas and electricity, helping reduce the owner's exposure to rising utility costs. The property's central Costa Mesa location is a significant advantage. Residents enjoy convenient access to South Coast Plaza, South Coast Metro, Orange Coast College and John Wayne Airport, along with the employment, shopping, dining and entertainment opportunities found throughout Costa Mesa and neighboring Irvine. Newport Beach and Huntington Beach are also just minutes away, providing easy access to some of Orange County's most desirable coastal communities. Excellent freeway accessibility via the 405, 55 and 73 makes the property convenient for tenants working throughout Orange County. Costa Mesa's combination of employment, entertainment, shopping, education and proximity to the coast continues to make it a highly desirable rental market. For an investor seeking a smaller multifamily property with existing cash flow, multiple income streams and the potential for future rental growth, this property offers a compelling opportunity in one of Orange County's most desirable and centrally located communities.

MLS® NumberV1-38449

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1965

Basement

DrivewayDoor Single, Garage, On Street

Garage Spaces

HeatWall Furnace

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 28, 2026List Date

$1,999,900List Price

Commute

Commute

Starting Address

Destination Address

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