315 University Drive Costa Mesa, CA $ 2,400,000
315 University Drive
$ 2,400,000
Recently Listed
Share Save

315 University Drive

Costa Mesa, CA, 92627
$ 2,400,000
Bedrooms2 Baths2.0 Sq 1,225

Monthly Estimate*

$ 15,154

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
315 University Drive, Costa Mesa, CA 92627 - Image 5

Single Family Home for sale in Costa Mesa, CA

for $2,400,000 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 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-bath 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 to verify all development standards and requirements with the City of Costa Mesa and County of Orange.

See more

Single Family Active

Price

$ 2,400,000

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

OC26197241

Days on Market

8

Features
General
Living Area 1225
Sewer Public Sewer
Heating Central Forced Air
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Dishwasher Freezer Microwave Refrigerator
Zoning R-4
HOA Fee 0
Garage Spaces 2
Patio/Porch Features Concrete Patio
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
Spa Features None
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
Expected Active Date 2026-09-11
See more
Interior
Interior Amenities Ceiling Fan(s) Open Floorplan Stone Counters Recessed Lighting Bedroom on Main Level Galley Kitchen Main Level Primary Primary Suite Walk-In Closet(s)
Flooring Vinyl
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
Fencing Wood
Parking Features Driveway Garage Faces Front
Lot Features 0-1 Unit/Acre Back Yard
Water Source Public
Total Parking 2
Lot Size Area 9148
Spa false
Lot Size Acres 0.21
Private Pool false
Lot Size Source Assessor
Door Features Sliding Doors
See more
* Excluded Features
List By
Compass

Broker

brian@briansperry.com

Email

Affordability Calculator

$15,154
Per Month
100%
0%
0%
Monthly Principal & Interest
$15,154
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
9/11/2026$2,400,000 Listed Price

Map


See all

315 University Drive, Costa Mesa, CA, 92627 is a Single Family Home for sale at $2,400,000 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