315 University DR, Costa Mesa, CA 92627
315 University DR, Costa Mesa, CA 92627
315 University DR, Costa Mesa, CA 92627
315 University DR, Costa Mesa, CA 92627
315 University DR, Costa Mesa, CA 92627
315 University DR, Costa Mesa, CA 92627
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Jim Black

Jim Black

+1(925) 285-4898
Listed by Brian Sperry, DRE #01478815 • Compass
$ 2,400,000
Est. payment | /mo

2 Beds

2 Baths

1,225 SqFt

Save
$ 2,400,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,225 SqFt

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 $1,959

MLS Listing ID CROC26197241

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 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-bathroom 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 has the possibility to build condos or apartments.

Location

State CA

County Orange

Area C5 - East Costa Mesa

Zoning R-4

Rooms

Dining Room Dining Area in Living Room

Kitchen Dishwasher, Freezer, Microwave, Other, Refrigerator

Interior

Heating Forced Air, Central Forced Air

Cooling Central AC

Fireplaces Type Living Room

Laundry Gas Hookup, 30

Exterior

Parking Features Garage, Other

Garage Spaces 2.0

Fence Wood

Pool 31, None

View None

Building

Story One Story

Water District - Public

Others

Tax ID 43909111

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.

Nearby Locations

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Jim Black
Jim Black

Chief Lending Officer : Founder License ID: NMLS633511/1065732 DRE02089890

+1(925) 285-4898

www.meetjimblack.com

2571 S Main St., Ste D, Soquel, CA 95073, USA

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315 University DR