Home | Orange County | Costa Mesa | 92627 | 315 University Dr
MLS: CROC26041042 | Status: Active | Price: $2,675,000
Beds/Baths: 2 / 2
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 2 | 2 | 1,225 | 9,148 | 1954 |
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. Adjacent property (317 University Drive) is also available for sale by a different seller to potentially develop a larger property.
| Field | Value |
|---|---|
| MLS # | CROC26041042 |
| MLS Source | California Regional MLS |
| Days on Site | 85 |
| Feature | Details |
|---|---|
| Kitchen | Other |
| Appliances | Other |
| Fireplace | Living Room |
| Laundry | Hookup - Gas Dryer |
| Cooling | Central Forced Air |
| Heating | Central Forced Air, Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 2 Car(s) |
| Elementary District | Newport-Mesa Unified |
| High School District | Newport-Mesa Unified |
| HOA Fee | $0 |
| Zoning | R-4 |
Brian Sperry
Compass
License #: 01478815
Phone: (949) 667-3300
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2901 Quedada | $2,140,000 | 3 | 2/1 | 1,828 | Active |
| 252 Walnut | $2,950,000 | 4 | 4 | 2,079 | Contingent |
| 333 Mesa Dr | $2,550,000 | 5 | 4 | 3,271 | Active |
| 2665 Club Mesa Pl | $2,249,000 | 4 | 3 | 2,251 | Active |
©2026 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of May 20, 2026. For the most current information, please contact Brian Sperry, (949) 667-3300.