714-914-4996

315 University Drive,
Costa Mesa, CA 92627

$2,400,000

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Jansen Team

Jansen Team

714-914-4996

rob@jansen-team.com

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.

Basic Information

MLS #:
OC26197241
Price:
$2,400,000
Price
(per sq ft):
$1,959.00
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:
12
Status:
Active
Bedrooms:
2
Bathrooms:
2
Full Baths:
2
Size (sq ft):
1,225 sq ft
Lot Size:
9,148 sq ft
Listing Agent:
Compass , Brian Sperry , 01478815
Year Built:
1954
Sale Type:
Trust

Rooms in Home

Rooms:
Walk-In Closet, Primary Bedroom, Office, Main Floor Primary Bedroom, Kitchen, Living Room, Main Floor Bedroom, Primary Suite, Galley Kitchen, Primary Bathroom
Eating Area:
In Living Room
Laundry:
Gas Dryer Hookup, Washer Hookup
Entry Location:
1

Interior Features

Fireplace:
Living Room
Cooling:
Central Air
Heating:
Forced Air, Central
Floor:
Vinyl
Appliances:
Microwave, Refrigerator, Freezer, Dishwasher
Interior Features:
Ceiling Fan(s), Recessed Lighting, Open Floorplan, Stone Counters
Security:
Accessibility:

Garage and Parking

Garage:
Attached
Garage:
2 Spaces
Carport:
0 Spaces
Parking:
Garage Faces Front, Driveway

Home Owners Association

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

Utilities

Water:
Public
Utilities:
Natural Gas Connected,Sewer Connected,Electricity Connected,Water Connected

School Information

District:
Newport Mesa Unified
Elementary:
Middle:
High:

Exterior Features

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

Additional Information

County:
Orange
Senior Community:
No
Community Features:
Street Lights
Other Structures:
Structure Condition:
Direction Faces:
Last
Updated:
9/23/2026 7:23 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

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