315 University Drive, Costa Mesa, CA 92627

Costa Mesa
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
315 University Drive,Costa Mesa, CA 92627
$2,925,000
  • 2 Beds
  • 2 Baths
  • 1,225 sq. ft.
  • Single family
  • Active
Listed by: brian sperry
Office: compass949-438-4340
MLS#:OC26041042
Source:CRMLS

Price summary

  • Price:$2,925,000
  • Price per sq. ft.:$2,387.76

About this home

315 University Drive presents a high-density development opportunity on a 9,148 square foot lot zoned R-4 in Costa Mesa. Architectural studies illustrate two distinct paths: a for-sale configuration featuring four spacious 2-bedroom condominium residences with a separate structure offering two additional 2-bedroom ADUs, all supported by parking within a shared ground-level garage; or a rental-focused design allowing for up to 20 units comprised of a mix of two-bedroom and studio apartments. The apartment concept includes structured parking. The contemporary three-story design features private patios and balconies, elevator access, and a modern coastal architectural aesthetic as depicted in the renderings, which are for illustrative purposes only. With flexible development potential in a supply-constrained submarket, this property offers multiple strategies for build-to-sell, build-to-rent, or long-term hold. Buyer to verify all development standards and requirements with the City of...

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Home facts

  • Year built:1954
  • Listing ID #:OC26041042
  • Added:58 day(s) ago
  • Updated:April 25, 2026 at 10:33 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,225 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1954
  • Building area:1,225 sq. ft.
  • Lot area:0.21 Acres
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,925,000
  • Price per sq. ft.:$2,387.76

Features and amenities

  • Amenities:Gallery Kitchen

Parking

  • Total parking spaces:2
  • Garage:Yes
  • Garage spaces:2
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