- 2 Beds
- 2 Baths
- 1,225 Sqft
- .21 Acres
315 University Drive
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.
Essential Information
- MLS® #OC26041042
- Price$2,925,000
- Bedrooms2
- Bathrooms2.00
- Full Baths2
- Square Footage1,225
- Acres0.21
- Year Built1954
- TypeResidential
- Sub-TypeSingle Family Residence
- StatusActive
Community Information
- Address315 University Drive
- AreaC5 - East Costa Mesa
- SubdivisionOther
- CityCosta Mesa
- CountyOrange
- Zip Code92627
Amenities
- Parking Spaces2
- # of Garages2
- ViewNone
- PoolNone
Interior
- Interior FeaturesGalley Kitchen
- HeatingCentral, Forced Air
- CoolingCentral Air
- FireplaceYes
- FireplacesLiving Room
- # of Stories1
- StoriesOne
Exterior
- Lot DescriptionZeroToOneUnitAcre
School Information
- DistrictNewport Mesa Unified
Additional Information
- Date ListedFebruary 25th, 2026
- Days on Market80
- ZoningR-4
Listing Details
- AgentBrian Sperry
- OfficeCompass
Price Change History for 315 University Drive, Costa Mesa, (MLS® #OC26041042)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $3,250,000 to $2,925,000 |
Brian Sperry, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of May 16th, 2026 at 9:30pm PDT. 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.