Home | Orange County | Costa Mesa | 92627 | 315 University Dr
MLS: CROC26041042 | Status: Active | Price: $2,675,000
Beds/Baths: 2 / 2
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 2 | 2 | 1,225 | 9,148 | 1954 |
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. Adjacent property (317 University Drive) is also available for sale by a different seller to potentially develop a larger property.
| Field | Value |
|---|---|
| MLS # | CROC26041042 |
| MLS Source | California Regional MLS |
| Days on Site | 84 |
| Feature | Details |
|---|---|
| Kitchen | Other |
| Appliances | Other |
| Fireplace | Living Room |
| Laundry | Hookup - Gas Dryer |
| Cooling | Central Forced Air |
| Heating | Central Forced Air, Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 2 Car(s) |
| Elementary District | Newport-Mesa Unified |
| High School District | Newport-Mesa Unified |
| HOA Fee | $0 |
| Zoning | R-4 |
Brian Sperry
Compass
License #: 01478815
Phone: (949) 667-3300
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2901 Quedada | $2,140,000 | 3 | 2/1 | 1,828 | Active |
| 1789 Rogers Pl | $2,999,000 | 4 | 3 | 2,168 | Active |
| 333 Mesa Dr | $2,550,000 | 5 | 4 | 3,271 | Active |
| 2665 Club Mesa Pl | $2,249,000 | 4 | 3 | 2,251 | Active |
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This listing information is up-to-date as of May 20, 2026. For the most current information, please contact Brian Sperry, (949) 667-3300.