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$2,925,000

For Sale

2 months ago

315 University Dr, Costa Mesa, CA

House

MLS® OC26041042

2 Bed

2 Bath

1225 sqft

2 Parking

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1225 sqft
Garage Yes
Taxes 
Days Active 49
Lot Size 
Approx. Age 1954
Avg. Price Per Sqft $2,387
MLS® Number OC26041042

Property Address: 315 University Dr, Costa Mesa, CA, 92627

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberOC26041042
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1954
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Kitchen:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 25, 2026List Date
$2,925,000List Price

Home Appraisal

This property is estimated to sell between: $1,870,000 and $3,453,000.
Similar properties in this area sold on average for: $1,870,000
Expected to sell very soon! Similar properties sold in 20 days. This home has been on eXp Realty for 49 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
315 University Dr, Costa Mesa, CA

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