2859 Hickory Pl , Costa Mesa, CA 92626
$1,999,900
Est. Payment: $10,908.85/mo
9 Bed
4 Bath
0.16 Acres
Status: ACTIVE | Days on site: 29
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CRF-V3998 - CRF-v211500693
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House 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

Highlights

Listed by Keith Geller , 805-358-1116 Realty Network , (805) 445-7544. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

County

Orange

Listing ID

V1-38449

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:4
Air Cond:N/K
Fireplaces:

Exterior Features

Zoning:Assessor
Principal Interest
$10,909
Taxes
$1,275

Home Price

$1,999,900

Loan Details

30 yrs
7.245%

Down Payment

20%
$399,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,908.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,908.85 $1,274.94 $0.00 $12,183.79
Yearly $130,906.19 $15,299.24 $0.00 $146,205.43
Total $3,927,185.77 $458,977.05 $0.00 $4,386,162.82

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (Costa Mesa, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-10-05T00:00:59.000Z

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