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Listed by: Brian Sperry (949) 667-3300 DRE #01478815 | Compass (949) 438-4340
$2,400,000
Monthly Est:$11,946
2 Beds
2 Baths2 full baths
1,225sqft
315 University Dr, Costa Mesa, CA 92627
$2,400,000
$11,946/moEst:
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Single Family Residence
Built in 1954
$-- HOA
9,148 sqft lot
$1,959/sq.ft
Description
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.
- Houzeo last checked: 38 minutes ago
- Listing updated: October 8, 2026 at 8:33 pm
- Source: California Regional MLS-CA | MLS#: OC26197241
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1954
HOA Fees
-
Finished Area
1,225 sqft
Lot Size
9,148 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26197241
MLS Status
Active
Days on Market
28
Cumulative Days on Market
137
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Interior
Sewer
Public Sewer
Interior Features
Ceiling Fans, Open Floorplan, Stone Counters, Recessed Lighting, Bedroom On Main Level, Galley Kitchen, Main Level Primary, Primary Suite, Walk In Closets
Appliances
Dishwasher, Freezer, Microwave, Refrigerator
Flooring
Vinyl
Cooling
Central Air
Heating
Central, Forced Air
Utilities & Energy
Water Source
Public
Laundry Features
Washer Hookup, Gas Dryer Hookup
Fireplace Features
Living Room
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Features
Driveway, Garage Faces Front
Pool Features
None
Other Features
Community Features
Street Lights
Patio And Porch Features
Concrete, Patio
Lot Features
Zero To One Unit Acre, Back Yard
Subdivision Name
Other
Price History
| Date | Event | Price |
|---|---|---|
09/11/2026 Source: | Listed for Sale | $2,400,000 -10.28% $1,959/sqft |
05/21/2026 Source: | Contingent (Active Under Contract) | $2,675,000 $2,184/sqft |
05/21/2026 Source: | Off Market | $2,675,000 $2,184/sqft |
05/20/2026 Source: | Price Decreased | $2,675,000 -8.55% $2,184/sqft |
03/20/2026 Source: | Price Decreased | $2,925,000 -10.00% $2,388/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 02:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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