Multifamily Property with
2859 Hickory Place, Costa Mesa, CA 92626
For Sale
$1,999,900
The residence includes a wall furnace and electric cooking appliances.
Property Size3,551 SF
Days on Market76
Property Features for 2859 Hickory Place
General Information
Standard status
Size
Property subtype
Net Operating Income
Amenities
Curbs, Street Lights, Sidewalks
Wall Furnace
Electric Cooktop, Electric Oven
Garage, On Street
Building Details
Building Size
Year Built
Buildings
Stories
Listed By:
Keith Geller
(805) 358-1116
Source:
Evrealestate
Added: Aug 28
Changed: Nov 6
Last Checked: Nov 10 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keith Geller
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Investment Insights
Based on property information with market context.
This multifamily property in Costa Mesa was built in 1965. Interior features include a wall furnace, electric cooktop, and electric oven. Garage and on-street parking are listed among its exterior features.
Key Highlights
- Built in 1965
- Garage and on‑street parking
- Wall furnace with electric cooktop and oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,372
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,440
$1.5M
Cap Rate 7%
$1,076,743
$1.1M
Cap Rate 9%
$837,467
$837.5K
Market Conditions
NOI Build-Up for 3,551 SF
Gross rent
$142.8K $40.20/SF
− Vacancy
−$5.7K −$1.61/SF
EGI
$137.0K $38.59/SF
− OpEx
−$61.7K −$17.37/SF
NOI
$75.4K $21.23/SF
Area
Costa Mesa, CA
Vacancy
4.00%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,440
Cap Rate 7%
$1,076,743
Cap Rate 9%
$837,467
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$942.2K – $1.26M
NOI $75,372 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,188 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,778
Businesses Nearby
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Business Placement
Demographics for 92626, CA
50,885
Population
20,643
Households
2.5
Avg Household Size
37
Median Age
46%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
5,246
Density / Sq Mi
$117,627
Median Household Income
$55,920
Median Earnings
$2,520
Median Rent
$1,037,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Costa Mesa, CA
Properties on Market for Multifamily properties in Costa Mesa
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The residence includes a wall furnace and electric cooking appliances.
Where is this multifamily property located?
The property is located at 2859 Hickory Place Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Built in 1965; Garage and on‑street parking; Wall furnace with electric cooktop and oven
