714-745-2708

315 University Drive, Costa Mesa, CA 92627

$2,400,000 Approx. USD 2 beds, 2 baths
1,225 sqft

Save My Notes

MORE INFO

Brochure

Marketed By The Keaty Team

View Team Members

Photo of Kevin Keaty

Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Kevin.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Listing Agent

Brian Sperry | brian@briansperry.com
Lic#: 01478815
Broker: Courtesy of Compass
Phone: 949-667-3300

Agent Remarks

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.

Listing Details

Trust & Probate

Property type: Single Family Residence (Single Family)

Status: Active

MLS# OC26197241

Price: $2,400,000

HOA Fee is $0.00

Beds: 2

Baths: 2 (2 full)

Living Room fireplaces

Built in 1954

1,225 sqft

1 story

0.21 acres

Lot size: 0.2100

Subdivision: Other

County: Orange

Zoning: R-4

Interior features: Ceiling Fan(s),Open Floorplan,Stone Counters,Recessed Lighting,Bedroom on Main Level,Galley Kitchen,Main Level Primary,Primary Suite,Walk-In Closet(s)

Appliances: Dishwasher,Freezer,Microwave,Refrigerator

Parking description: Driveway,Garage Faces Front

Lot description: ZeroToOneUnitAcre,Back Yard

Heating/cooling: Central Air

Heating description: Central,Forced Air

MLS area: C5 - East Costa Mesa

Last Updated: 9/28/2026

Days On Market (DOM): 17

Find more Costa Mesa homes and real estate

Find more homes in 92627 zip code

This listing belongs to the C5 - East Costa Mesa MLS area

Find more homes in the Other subdivision

Lat/Long: 33.657706, -117.890200.
Find nearby listings

Mortgage Calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

92627 Area Map

Demographics

Schools