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315 University Dr
For Sale $3,250,000 ($2,653.06 per Sq Ft)
$3,250,000 ($2,653.06 per Sq Ft)
- 2 Bedrooms
- 2 Bathrooms
- 1,225 Sq Ft
- 9,148 Sq Ft
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,250,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,225 |
| Number of Stories | 1 stories |
| Parking Spots | 2 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 43909111 |
| MLS # | OC26041042 |
| Property ID | 322623865 |
| Lot Sqft | 9,148 |
| Zoning | R-4 |
| Total Units | 1 |
| Days on Market | 6 |
| Original List Price | $3,250,000 |
| Date Updated | February 27, 2026 |
| Date Created | February 25, 2026 |
Listing Provided By
Brian Sperry an agent of . Lic #01478815
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 27, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT