315 University Drive, Costa Mesa, CA 92627

Costa Mesa
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
315 University Drive,Costa Mesa, CA 92627
$2,400,000
  • 2 Beds
  • 2 Baths
  • 1,225 sq. ft.
  • Single family
  • Active
Listed by: brian sperry
Office: compass
MLS#:OC26197241
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,400,000
  • Price per sq. ft.:$1,959.18

About this home

315 University Drive󠃍󠂏󠃢󠂁󠂠󠃢󠂁󠂠󠃢󠂁󠂢󠃢󠂁󠂢󠃳󠂠󠂀󠂠 gives you a rare choice in Costa Mesa: live in the home that stands here today, or redevelop the R-4 lot beneath it. The existing residence is a 2-bedroom, 2-bathroom home of 1,225 square feet, set behind a security gate on a 9,148 square foot lot close to the Back Bay, with a two-car garage and an oversized yard. Move in, rent it out, or hold it while you plan. The home is functional and ready today. The upside is in the land. Zoned R-4 on more than 9,000 square feet in a supply-constrained submarket, this lot carries real development potential for a buyer with vision. Whether your strategy is build-to-sell, build-to-rent, or a long-term hold, the possibilities here are worth exploring. Buyer has the possibility to build condos or apartments.

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Home facts

  • Year built:1954
  • Listing ID #:OC26197241
  • Added:12 day(s) ago
  • Updated:September 21, 2026 at 02:40 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Linoleum/Vinyl
  • Kitchen Description:Dishwasher, Freezer, Microwave, Refrigerator
  • Living area:1,225 sq. ft.

Heating and cooling

  • Cooling:Central Forced Air
  • Heating:Forced Air Unit

Structure and exterior

  • Year built:1954
  • Building area:1,225 sq. ft.
  • Exterior Features:Concrete, Patio
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,400,000
  • Price per sq. ft.:$1,959.18

Features and amenities

  • Appliances:Dishwasher, Freezer, Microwave, Refrigerator
  • Laundry features:Gas, Washer Hookup

Parking

  • Total parking spaces:2
  • Garage spaces:2
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