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Listed by Keith Geller, DRE #00919059 • Realty Network
$1,999,900
Est. payment /mo
6,970 Sqft Lot
New
2859 Hickory PL Costa Mesa, CA 92626
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-38449
Year Built 1965
Lot Size 6,970 Sqft
Source California Regional MLS
Property 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. Exc
Location
State CA
County Orange
Area C1 - Mesa Verde
Rooms
Kitchen Other, Oven - Electric
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry None
Exterior
Parking Features Garage, Off-Street Parking
Pool 31, None
View None
Building
Story One Story
Water Private
Others
Tax ID 13929618
Special Listing Condition Not Applicable
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