858-525-5007

315 University, Costa Mesa CA 92627 | $2,400,000

  • 2 bedrooms
  • 2 bathrooms
  • 1,225 Sq Ft
  • 9148 Lot Sq Ft
  • Type: Single Family Residence
  • Stories: 1
  • Year Built: 1954
  • MLS#: OC26197241
  • Community: C5 - East Costa Mesa

Listing provided courtesy of Brian Sperry of Compass. Last updated 2026-09-23 08:15:34.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.21 Acres
1 Story

David Piper​

Call or Text: 858-525-5007

DRE# 02021985