Back to search
315 University Drive Costa Mesa, CA $ 3,250,000
Share Save
$ 3,250,000 Get more info
315 University Drive
$ 3,250,000
Back to search
Recently Listed
Share Save

315 University Drive

Costa Mesa, CA, 92627
$ 3,250,000
Bedrooms2 Baths2.0 Sq 1,225

Monthly Estimate*

$ 20,011

Listed by Compass
315 University Drive, Costa Mesa, CA 92627 - Image 1
315 University Drive, Costa Mesa, CA 92627 - Image 2
315 University Drive, Costa Mesa, CA 92627 - Image 3
315 University Drive, Costa Mesa, CA 92627 - Image 4
View a Virtual Tour

Single Family Home for sale in Costa Mesa, CA

for $3,250,000 with 2 bedrooms and 2 full baths. This 1,225 square foot home was built in 1954 on a lot size of 0.21.

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.

See more
Single Family Active

Price

$ 3,250,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.21

Year Built

1954

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

OC26041042

Days on Market

3
Features
General
Living Area 1225
Sewer Public Sewer
Heating Central Forced Air
Cooling Central Air
Zoning R-4
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 1954
View None
Stories Count 1
Levels One
Property Subtype Single Family Residence
Community Features Street Lights
County Orange
New Construction false
Property Type Residential
HOA false
Attached Garage true
Subdivision Name Other
Garage Y/N true
Full Baths 2
Special Listing Conditions Trust
Status Active
Directions Irvine Avenue to University Drive. Northwest to home.
City Costa Mesa
Entry Location 1
Senior Community Y/N false
High School District Newport Mesa Unified
Number Of Units Total 1
MLS Area C5 - East Costa Mesa
Lot Size Units Square Feet
Lot Size Square Feet 9148
Listing Terms Trust Conveyance
Property Attached Y/N false
Land Lease Y/N false
Additional Parcels Y/N false
Lease Considered Y/N false
Structure Type House
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Year Built Source Public Records
Tax Lot 73
Property Sub Type Additional Single Family Residence
See more
Interior
Interior Amenities Galley Kitchen
Fireplace Features Living Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
1/4 Baths 0
3/4 Baths 0
Laundry Features Washer Hookup Gas Dryer Hookup
Total Bedrooms 2
Entry Level 1
Main Level Bedrooms 3
Main Level Bathrooms 2
Total Baths 2
See more
Exterior
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 2
Lot Size Area 9148
Lot Size Acres 0.21
Private Pool false
Lot Size Source Assessor
See more
* Excluded Features
List By
Compass

Broker

brian@briansperry.com

Email

Affordability Calculator

$20,011
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,011
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/25/2026$3,250,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

315 University Drive, Costa Mesa, CA, 92627 is a Single Family Home for sale at $3,250,000 with 1,225 sqft and a lot size of 0.21. 315 University Drive has 2 bedrooms, 2.0 baths, and was built in 1954. The property's zip code is 92627 which is in Costa Mesa, CA

Get more info