317 University Drive Costa Mesa, CA $ 2,900,000
317 University Drive
$ 2,900,000
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317 University Drive

Costa Mesa, CA, 92627
$ 2,900,000
Bedrooms5 Baths3.0 Sq 2,430

Monthly Estimate*

$ 17,856

Listed by Cal Mutual Inc
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Multi-Family Home for sale in Costa Mesa, CA

for $2,900,000 with 5 bedrooms and 3 full baths. This 2,430 square foot home was built on a lot size of 0.21.

Here is the incredible income opportunity you have been looking for! This great property is all about location, location, location with so much upward potential. It is in the heart of Costa Mesa's up-and-coming neighborhood with so much growth opportunity. Awesome investment opportunity for an investor looking to rehab or build multiple units or owner occupied in walking distance to great parks, restaurants, schools and so much more! In this very nice Costa Mesa neighborhood this is the type of neighborhood people love because it is so convenient to so much activity. All units are each in very good condition with tenant pride. This great income property is a triplex with 3 Separate houses and a garage; the front unit has 2 bedrooms & 1 bath and laundry hook ups, the middle unit has 2 bed and 1 bath and laundry hookups and the rear unit has 1 bedroom & 1 bath, and the extra-long driveway with parking area provide plenty of off-street parking! These are turnkey rental units for investors looking an income property with easy tenants and great rents or a great potential parcel for building up a larger development within Costa Mesa building codes. Don't miss this opportunity, it won't last long! The adjacent parcel to the NW is also for sale for an even larger project.

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Multi-Family Active

Price

$ 2,900,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.21

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

26828517

Days on Market

3

Features
General
Living Area 2430
Sewer Other
Heating Electric
Cooling None
Possession Close Of Escrow Negotiable
Roof Shingle
Appliances Disposal Oven Range
Garage Spaces 1
Patio/Porch Features Brick Concrete Open Patio See Remarks
Architectural Style Bungalow
Pool Features None
Construction Materials Stucco
Tenant Pays Electricity Gas
View None
Stories Count 1
Levels One
Gross Income 85100
Accessibility None
County Orange
Net Operating Income 85100
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Cash
Directions University
City Costa Mesa
Disclosures Trust/Conservatorship
Entry Location Main Level
Senior Community Y/N false
Number Of Units Total 3
MLS Area C5 - East Costa Mesa
Lot Size Units Square Feet
Lot Size Square Feet 9148
Spa Features None
Property Attached Y/N false
Property Condition Fixer Repairs Cosmetic
Additional Parcels Y/N false
Standard Status Active
Occupancy Type Tenant
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Interior
Flooring Carpet Laminate Tile
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 5
Entry Level 1
Total Baths 3
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Exterior
Parking Features Assigned Controlled Entrance Door-Single Driveway Garage Side By Side
Lot Features Front Yard Lawn
Water Source Public
Total Parking 4
Lot Size Area 9148
Number of Buildings 3
Spa false
Building Area Total 2430
Lot Dimensions 67x137
Lot Size Acres 0.21
Private Pool false
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* Excluded Features
List By
Cal Mutual Inc

Broker

shane@calmutualhomes.com

Email

Affordability Calculator

$17,856
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Monthly Principal & Interest
$17,856
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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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2026$2,900,000 Listed Price

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317 University Drive, Costa Mesa, CA, 92627 is a Multi-Family Home for sale at $2,900,000 with 2,430 sqft and a lot size of 0.21. 317 University Drive has 5 bedrooms and 3.0 baths. The property's zip code is 92627 which is in Costa Mesa, CA