2859 Hickory Place, Costa Mesa, California image 1
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2859 Hickory Place

Costa Mesa, CA 92626
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$1,999,900 $8,431/Mo
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Bed 9

Bed

Bath 4

Bath

SqFt6,970

Sqft(Lot)

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 expo sure 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,999,900

AD Id : 90852876

MLS Id : V1-38449

Beds : 9

Lot Size : 6,970 Sqft

Year Built : 1965

Garage : 4

County : Orange

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Feature Features

  • Interior Features

    Appliances: ElectricCooktop, ElectricOven
    Laundry Features: None

  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Cooling: None

  • Building Information

    Year Built: 1965
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 6970 Lot Size Acres: 0.16 Lot Size Source: Assessor Lot Size Square Feet: 6,970 Lot Description: SprinklersNone

    Property Information

    Subdivision: Other Source Property Type: ResidentialIncome Property SubType: Quadruplex Levels: One,Two Property Age: 61

  • Listing Price Information

    Listing Price: $1999900
    Cash, Conventional

  • Tax Information

    Parcel Number: 13929618 Tax Lot: 7

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    DoorSingle, Garage, OnStreet

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Utility Information

    ElectricityConnected, NaturalGasAvailable

  • Location Information

    Direction: From 405-South on HarborRight on PonderosaRight on Hickory Place WaterSource: Private
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Nearby Home Value

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2937 Mendoza Drive, Costa Mesa, CA, 92626 $3,150,000 8 12 -- 9,148 Sqft
2940 Peppertree, Costa Mesa, CA, 92626 $2,300,000 8 4 3,551 6,098 Sqft

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/07/2026 @ 09:24

MLS: V1-38449 LISTED BY: Keith Geller, Realty Network 805-445-7544 SOURCE: CRMLS

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