315 University Drive, Costa Mesa CA 92627 | $2,925,000

  • 2 bedrooms
  • 2 bathrooms
  • 1,225 Sq Ft
  • 9148 Lot Sq Ft
  • Type: Residential
  • Stories: 1
  • Year Built: 1954
  • MLS#: 306651647
  • Community:

Listing provided courtesy of Brian Sperry of Compass. Last updated . Listing information © 2025 SANDICOR.

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.

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Johnny Noris

Call or Text: 858.349.7170