$3,250,000

315 University Drive, Costa Mesa, CA 92627

  • 2 beds |
  • 2 baths |
  • 1,225 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1954
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $2,653/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

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 Costa Mesa and the County of Orange. Architectural floor plans are available upon request.

Listing Status:
Active
Date Added:
February 25, 2026
Data Last Updated:
March 4, 2026 at 11:13PM
Listing Office:
Compass : 949-438-4340
Listing Agent:
Brian Sperry : 949-667-3300
MLS ID:
OC26041042
  • Laundry: GasWasher Hookup
  • A/C: Central Forced Air
  • Heating: Forced Air Unit
  • Fireplace: FP in Living Room
  • Pool: N/K
  • Parking: Parking spaces: 2
  • General: 1
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Orange
  • Zoning: R-443909111
  • View: N/K
  • Water: Public
  • Sewer: Public Sewer
  • Source: California Regional MLS

This listing courtesy of Brian Sperry , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Monte Vista High/Cloud Campus

390 Monte Vista Ave, Costa Mesa, CA, 92627

Grades KG-12

0.26 miles away

M

Monte Vista High/Cloud Campus

390 Monte Vista Ave, Costa Mesa, CA, 92627

Grades KG-12

0.26 miles away

M

Monte Vista High/Cloud Campus

390 Monte Vista Ave, Costa Mesa, CA, 92627

Grades KG-12

0.26 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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