315 University Drive, Costa Mesa, CA 92627 (MLS # OC26197241)

Price	$2,400,000
Status	Active
Beds	2
Baths	2 Baths
Home size	1,225 sqft
Lot Size	9,148 sqft
Days on Market	3

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.

Property Type(s): Single Family

Last Updated	9/11/2026	Tract	Other
Year Built	1954	Community	C5 - East Costa Mesa
Garage Spaces	2.0	County	Orange

Additional Details

AIR	Central Air
AIR CONDITIONING	Yes
APPLIANCES	Dishwasher, Freezer, Microwave, Refrigerator
AREA	C5 - East Costa Mesa
FIREPLACE	Yes
GARAGE	Attached Garage, Yes
HEAT	Central, Forced Air
INTERIOR	Ceiling Fan(s), Master Downstairs, Open Floorplan, Recessed Lighting, Stone Counters, Walk-In Closet(s)
LOT	9148 sq ft
LOT DESCRIPTION	Back Yard
LOT DIMENSIONS	9148
PARKING	Attached, Driveway, Garage Faces Front
POOL DESCRIPTION	None
SEWER	Public Sewer
STORIES	1
SUBDIVISION	Other
UTILITIES	Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW DESCRIPTION	None
WATER	Public

Location

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Based on information from California Regional Multiple Listing Service, Inc. as of 9/12/26 5:07 AM PDT and /or other sources. 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

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