Skip to main content

Stacey Alysson Melman

2859 Hickory PL
Costa Mesa, CA, 92626
$1,999,900
Beds
0 Baths
0 SqFt
0.16 Acres
Add
MLS #V1-38449 image #0
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.
AGENT: Keith Geller
LISTING BROKERAGE: Realty Network
2859 Hickory PL
Costa Mesa, CA

Property Details

Price:
$1,999,900
MLS #:
V1-38449
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
c1mesaverde
Listed Date:
Aug 28, 2026
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1965
C1 – Mesa VerdeC1mesaverdeNone
Ask a Question

See this Listing

Send
  

Schools

Interior

Appliances
ES, EO
Cooling
NO
Flooring
LAM, VINY, CARP
Heating
WL
Laundry Features
NO
Levels
A, U

Exterior

Common Walls
_2CW
Community Features
SDW, SL, CRB
Fencing
NO
Garage Spaces
4
Spa Features
NO
View
NO

Financial

Net Operating Income
$68,924

Map

Community

Similar Listings Nearby

broker reciprocity
MLS# PW26129874broker reciprocity
7921 N Ronald DR
Huntington Beach, CA

$2,583,000

4.4 miles away

broker reciprocity
MLS# WS26096902broker reciprocity
7782 Newman AV
Huntington Beach, CA

$2,550,000

4.5 miles away

broker reciprocity
MLS# OC26146580broker reciprocity
267 Mesa Dr
Costa Mesa, CA

$2,549,000

2.1 miles away

broker reciprocity
MLS# OC26151619broker reciprocity
7322 Garfield
Huntington Beach, CA

$2,525,000

4.6 miles away

broker reciprocity
MLS# PW26165497broker reciprocity
421 Catalina
Newport Beach, CA

$2,500,000

3.5 miles away

broker reciprocity
MLS# PW26041675broker reciprocity
7381 Siena DR
Huntington Beach, CA

$2,499,000

4.6 miles away

broker reciprocity
MLS# LG26160849broker reciprocity
2209 Elden AV
Costa Mesa, CA

$2,499,000

1.9 miles away

broker reciprocity
MLS# OC26195719broker reciprocity
22102 Jonesport LN
Huntington Beach, CA

$2,499,000

3.2 miles away

broker reciprocity
MLS# OC26030942broker reciprocity
1239 Brook W ST
Santa Ana, CA

$2,400,000

4.7 miles away

broker reciprocity
MLS# NP26193591broker reciprocity
203 6th ST
Newport Beach, CA

$2,400,000

5.0 miles away