315 University DR, Costa Mesa, CA 92627
- $2,400,000
- 2
- BD
- 2
- BA
Listed by Brian Sperry, 949-667-3300 from Compass
(If provided) CoList: from
- List Price
- $2,400,000
- MLS#
- CROC26197241
- Status
- ACTIVE
- Levels
- One Story
- Bedrooms
- 2
- Total Bathrooms
- 2
- Full Bathrooms
- 2
- Lot Size
- 9,148
- Listing Area
- C5 - East Costa Mesa
- Year Built
- 1954
Property Description
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.
Additional Information
- Acres
- 0.21
- Amenities
- Counter - Stone, Other
- Bedroom Description
- Primary Suite / Retreat, Ground Floor Bedroom
- Cooling System
- Central AC
- Energy Features
- Ceiling Fan(s)
- Fence
- Wood
- Fireplace Description
- Living Room
- Garage Parking
- Garage, Other
- Heating System
- Forced Air, Central Forced Air
- Laundry Facilities
- Gas Hookup, 30
- Levels
- One Story
- Lot Size
- 9,148
- Neighborhood
- C5 - East Costa Mesa
- Other Rooms
- Office Area
- Pool Description
- 31, None
- Unincorporated Yn
- Yes
- Zoning
- R-4
Mortgage Calculator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Tuscana Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2026 MLSListings Inc. All rights reserved