315 University Drive
Costa Mesa, CA 92627
2
Bed
2
Bath
1,225Sqft
9,148Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 2 Full Baths: 2Flooring Information
Vinyl -
Interior Features
CeilingFans, OpenFloorplan, StoneCounters, RecessedLighting, BedroomOnMainLevel, GalleyKitchen, MainLevelPrimary, PrimarySuite, WalkInClosetsAppliances: Dishwasher, Freezer, Microwave, RefrigeratorLaundry Features: WasherHookup, GasDryerHookup -
Heating & Cooling
Has Heating: Yes Heating: Central, ForcedAir Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1954Stories: 1Patio And Porch Features: Concrete, PatioPool Features: NonePrivate Pool: NoView: None
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Lot Information
Main Square Feet: 9148 Lot Size Acres: 0.21 Lot Size Source: Assessor Lot Size Square Feet: 9,148 Lot Description: ZeroToOneUnitAcre,BackYardProperty Information
Subdivision: Other Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 72
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Listing Price Information
Listing Price: $2400000TrustConveyance
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Tax Information
Parcel Number: 43909111 Tax Lot: 73
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Virtual Tour
Parking Information
Parking Total: 2 Driveway, GarageFacesFrontGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 2
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Utility Information
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: Irvine Avenue to University Drive. Northwest to home. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 137 The Masters Circle, Costa Mesa, CA, 92627 | $2,280,000 | 4 | 5 | 3,887 | 4,136 Sqft |
| 267 Mesa Dr, Costa Mesa, CA, 92627 | $2,549,000 | 5 | 4 | 3,188 | 4,721 Sqft |
| 278 Santo Tomas, Costa Mesa, CA, 92627 | $1,849,000 | 3 | 3 | 1,168 | 7,279 Sqft |
| 223 Mesa Drive, Costa Mesa, CA, 92627 | $2,300,000 | 3 | 2 | 1,968 | 9,583 Sqft |
| 215 Mesa Drive, Costa Mesa, CA, 92627 | $2,300,000 | 2 | 1 | 818 | 9,148 Sqft |
| 317 University Drive #U.., Costa Mesa, CA, 92627 | $2,699,999 | 5 | 3 | 2,430 | 9,148 Sqft |
| 2611 Westminster, Costa Mesa, CA, 92627 | $2,795,000 | 4 | 2 | 2,004 | 8,400 Sqft |
| 2608 Fairway, Costa Mesa, CA, 92627 | $2,995,000 | 5 | 4 | 2,403 | 7,200 Sqft |
| 208 Calabria Court, Costa Mesa, CA, 92627 | $1,299,995 | 3 | 3 | 1,733 | 3,003 Sqft |
| 306 Campbell Lane, Costa Mesa, CA, 92627 | $1,450,000 | 3 | 3 | 1,707 | 1,400 Sqft |
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ByOwner last updated this listing 09/12/2026 @ 20:52
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