315 University Drive, Costa Mesa, CA 92627 (MLS # OC26041042)

Price	$3,250,000
Status	Active
Beds	2
Baths	2 Baths
Home size	1,225 sqft
Lot Size	9,148 sqft
Days on Market	7

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.

Property Type(s): Single Family

Last Updated	2/25/2026	Tract	Other
Year Built	1954	Community	C5 - East Costa Mesa
Garage Spaces	2.0	County	Orange

Additional Details

AIR	Central Air
AIR CONDITIONING	Yes
AREA	C5 - East Costa Mesa
FIREPLACE	Yes
GARAGE	Attached Garage, Yes
HEAT	Central, Forced Air
LOT	9148 sq ft
LOT DIMENSIONS	9148
PARKING	Attached
POOL DESCRIPTION	None
SEWER	Public Sewer
STORIES	1
SUBDIVISION	Other
VIEW DESCRIPTION	None
WATER	Public

Location

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