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.
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 29, 2026
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1965
See this Listing
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
Map
Community
- Address2859 Hickory PL Costa Mesa CA
- SubdivisionOther
- CityCosta Mesa
- CountyOrange
- Zip Code92626
Subdivisions in Costa Mesa
- Award AWAR
- Bay Laurel ENBY
- College Park COLP
- Coral Point CORP
- Country Club I ICC1
- Country Club Manor ENCC
- Del Cerro DELC
- Eastside Central ECCM
- Eastside Heights EHCM
- Eastside South ESCM
- Freedom Homes FREE
- Greenbrook By Larwin GBLR
- Halecrest HALE
- Harbor Pointe Condos HPTC
- Mesa Del Mar MDMA
- Mesa Verde Collection MVCO
- Mesa Verde Residential Income MVRI
- Mesa Verde Villas Iowa St. MVVL
- Monticello Townhomes MONT
- Newport Riviera ENNR
- Oceanview Park OCPK
- Pacesetter One Story ICPI
- State Streets II MST2
- Village Creek VLCK
- Westside Costa Mesa Central WCMC
- Westside Costa Mesa South WSCM
- Wilson Park Condos WPKC
Market Summary
Current real estate data for Single Family in Costa Mesa as of Sep 05, 2026
199
Single Family Listed
72
Avg DOM
604
Avg $ / SqFt
$1,095,750
Avg List Price
Property Summary
- Located in the Other subdivision, 2859 Hickory PL Costa Mesa CA is a Single Family for sale in Costa Mesa, CA, 92626. It is listed for $1,999,900 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1965. The average price per square foot for Single Family listings in Costa Mesa is $604. The average listing price for Single Family in Costa Mesa is $1,095,750.
Similar Listings Nearby
2859 Hickory PL
Costa Mesa, CA


