See all 9 photos
9 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Brian Sperry, DRE #01478815 • Compass
$2,925,000
Est. payment /mo
2 Beds
2 Baths
1,225 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,225 sqft
Price per Sqft $2,387
MLS Listing ID CROC26041042
Bedrooms 2
Full Baths 2
Year Built 1954
Lot Size 9,148 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property 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.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Zoning R-4
Rooms
Kitchen Other
Interior
Heating Forced Air, Central Forced Air
Cooling Central AC
Fireplaces Type Living Room
Laundry Gas Hookup, 30
Exterior
Garage Spaces 2.0
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 43909111
Read Less Info
Copyright 2026 MLSListings Inc All rights reserved.
Nearby Locations