315 University Dr, Costa Mesa, CA 92627
$3,250,000 Mortgage Calculator Active Single Family Residence
Property Details
About this Property
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.
MLS Listing Information
MLS #
CROC26041042
MLS Source
California Regional MLS
Days on Site
13
Interior Features
Kitchen
Other
Appliances
Other
Fireplace
Living Room
Laundry
Hookup - Gas Dryer
Cooling
Central Forced Air
Heating
Central Forced Air, Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Elementary District
Newport-Mesa Unified
High School District
Newport-Mesa Unified
HOA Fee
$0
Zoning
R-4
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
315 University Dr is a Single Family Residence in Costa Mesa, CA 92627. This 1,225 square foot property sits on a 9,148 Sq Ft Lot and features 2 bedrooms & 2 full bathrooms. It is currently priced at $3,250,000 and was built in 1954. This address can also be written as 315 University Dr, Costa Mesa, CA 92627.
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This listing information is up-to-date as of February 27, 2026. For the most current information, please contact Brian Sperry, (949) 667-3300
