714-914-4996

315 University Drive,
Costa Mesa, CA 92627

$3,250,000

315 University Drive, Costa Mesa, CA315 University Drive, Costa Mesa, CA315 University Drive, Costa Mesa, CA315 University Drive, Costa Mesa, CA
Jansen Team

Jansen Team

714-914-4996

rob@jansen-team.com

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.

Basic Information

MLS #:
OC26041042
Price:
$3,250,000
Price
(per sq ft):
$2,653.00
Address:
315 University Drive ,
Costa Mesa, CA 92627
MLS Area:
C5 - East Costa Mesa
Subdivision:
Other (OTHR)
Property
Type:
Single Family Residence
Days on Market:
0
Status:
Active
Bedrooms:
2
Bathrooms:
2
Full Baths:
2
Size (sq ft):
1,225 sq ft
Lot Size:
9,148 sq ft
Year Built:
1954
Sale Type:
Trust

Rooms in Home

Rooms:
Galley Kitchen
Eating Area:
Laundry:
Gas Dryer Hookup, Washer Hookup
Entry Location:
1

Interior Features

Fireplace:
Living Room
Cooling:
Central Air
Heating:
Central, Forced Air
Floor:
Appliances:
Interior Features:
Security:
Accessibility:

Garage and Parking

Garage:
Attached
Garage:
2 Spaces
Carport:
0 Spaces
Parking:

Home Owners Association

HOA Dues 1:
$0.00 /
HOA Dues 2:
$
HOA Amenities: 

Utilities

Water:
Public
Utilities:

School Information

District:
Newport Mesa Unified
Elementary:
Middle:
High:

Exterior Features

Pool:
None
Spa:
Patio:
View:
None
Construction:
Foundation:
Roof:
Windows:
Common Walls:
No Common Walls
Levels:
One
Lot Features:
0-1 Unit/Acre

Additional Information

County:
Orange
Senior Community:
No
Community Features:
Street Lights
Other Structures:
Structure Condition:
Direction Faces:
Listed by:
Compass , Brian Sperry , 01478815
Co-Listed:
Last
Updated:
2/25/2026 4:05 PM

315 University Drive,
Costa Mesa, CA 92627

Jansen Team
Real Estate

Rob Jansen, Broker

California Office

Phone: 714-914-4996

4000 Barranca Parkway, Suite 250
Irvine, CA 92604

Email: rob@jansen-team.com

Idaho Office

Phone: 208-360-5198

2184 Channing Way , # 324
Idaho Falls, ID 83404

CA-Lic#01799964, ID-Lic#PR54424 ■ © 2023 Copyright Jansen Team Real Estate ■ Equal Housing Opportunity

The information being provided by CARETS (CLAW, CRMLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). Information may be provided by CRMLS, all rights reserved. Content is for the user's personal, non-commercial use and may not be used for any other purpose. Content is deemed accurate but not guaranteed.