315 University Drive, Costa Mesa, CA 92627 (MLS # OC26197241)

Price $2,400,000
Status Active
Beds 2
Baths 2 Baths
Home size 1,225 sqft
Lot Size 9,148 sqft
Days on Market 9
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. 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.
Property Type(s): Single Family
Last Updated 9/11/2026 Year Built 1954
Garage Spaces 2.0 County Orange

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Freezer, Microwave, Refrigerator
GARAGE Yes
HEAT Forced Air
LOT 9148 sq ft
LOT DIMENSIONS 7,500-10,889 SF
SEWER Public Sewer
STORIES 1
UTILITIES Electricity Available, Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
WATER Public
Listed with Compass

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Properties on this website was last updated as recently as 9/20/26 6:49 PM PDT.

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