315 University Drive, Costa Mesa, CA 92627

Costa Mesa
Local realty services provided by:ERA Excel Realty
315 University Drive,Costa Mesa, CA 92627
$3,250,000
  • 2 Beds
  • 2 Baths
  • 1,225 sq. ft.
  • Single family
  • Active
Listed by: brian sperry
Office: compass
MLS#:OC26041042
Source:CRMLS

Price summary

  • Price:$3,250,000
  • Price per sq. ft.:$2,653.06

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:2 day(s) ago
  • Updated:February 28, 2026 at 02:44 PM

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 Furnace, Forced Air

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:$3,250,000
  • Price per sq. ft.:$2,653.06

Features and amenities

  • Laundry features:Gas Dryer Hookup, Washer Hookup
Based on information from California Regional Multiple Listing Service, Inc. as of February 28, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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