315 University Drive, Costa Mesa, CA — listing photo 1
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FOR SALE

315 University Drive

Costa Mesa, CA 92627
2 Beds
2 Baths
1,225 Sq Ft
Built 1954
$2,400,000

Property Overview

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.

Home Details

Property type
Residential - Single Family Residence
Year built
1954
Living area
1,225 sq ft
Lot size
9,148 sq ft
Parking
2 spaces
Garage
2 spaces
Stories
1
Days on market
27
Cumulative days on market
137
Full bathrooms
2
MLS status
Active
Zoning
R-4

Features & Amenities

Interior

  • Ceiling Fans
  • Open Floorplan
  • Stone Counters
  • Recessed Lighting
  • Bedroom On Main Level
  • Galley Kitchen
  • Main Level Primary
  • Primary Suite
  • Walk In Closets

Appliances

  • Dishwasher
  • Freezer
  • Microwave
  • Refrigerator

Parking

  • Driveway
  • Garage Faces Front

Pool

  • None

Lot

  • Zero To One Unit Acre
  • Back Yard

Community, Schools & Utilities

Community

Subdivision
Other
Fireplace
Yes
View
None

Schools

School district
Newport Mesa Unified

Utilities

Heating
Central,ForcedAir
Cooling
CentralAir
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

315 University Drive

Costa Mesa, CA 92627

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Frequently Asked Questions About 315 University Drive

Property type: Residential

The current asking price is $2,400,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 315 University Drive. Our team will confirm availability and timing.
This 2 bedrooms and 2 bathrooms property offers approximately 1,225 square feet of living space. It was built in 1954. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Costa Mesa, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Costa Mesa property.
The MLS currently reports the property as Active. It has been listed for 27 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Brian Sperry
MLS ID: OCSPERBRI

Available property

$2,400,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.