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315 University DriveCosta Mesa, CA 92627

For Sale

$2,400,000

Smart Buyer Rebate $24,000

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-bath 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 to verify all development standards and requirements with the City of Costa Mesa and County of Orange.

Listed by Brian Sperry

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License #01478815

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Compass

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949-667-3300

Last updated September 12, 2026

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Source: CRMLS #OC26197241

Listing Facts

  • TypeSingle-family
  • NeighborhoodEastside Costa Mesa
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu4
  • Size1,225 sqft
  • Price per sqft$1,959

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

09/11/2026
Listed by Compass
$2,400,000
  1. 09/11/2026$2,400,000
    Listed by Compass

Property Details for 315 University Drive

Association

Amenities

  • Community Features: Street Lights

Exterior

Construction

  • Number Of Units Total: 1
  • Stories: 1
  • Stories Total: 1
  • Structure Type: House
  • Year Built: 1954
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1

Features

  • Fencing: Wood
  • Patio And Porch Features: Patio

Measurements

  • Lot Features: Back Yard
  • Lot Size Acres: 0.21
  • Lot Size Area: 9,148
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 9,148
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 43909111

Interior

Features

  • Appliances: Dishwasher, Freezer, Microwave, Refrigerator
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Features: Ceiling Fan(s), Open Floorplan, Stone Counters, Recessed Lighting, Walk-In Closet(s), Master Downstairs

Measurements

  • Living Area: 1,225
  • Living Area Source: Estimated
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3

Other

Location

  • Subdivision Name: Other
  • Tax Lot: 73

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Attached, Driveway, Garage Faces Front
  • Parking Total: 2

Schools

High School

  • High School District: Newport Mesa Unified

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central, Forced Air
  • Has Heating: Yes
  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 2 bedrooms and 2 bathrooms in this single-family home at 315 University Drive.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 315 University Drive.

How does 315 University Drive compare to other single-family homes in Eastside Costa Mesa?

This single-family home is listed 14% below the average price for single-family homes in Eastside Costa Mesa and has been on the market for 81 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,225 sqft.

315 University Drive is a 2-bedroom, 2-bath single-family home for sale in Costa Mesa CA 92627. Available on Prevu for 4 days at $2,400,000. This home features 1,225 square feet of living space, located in Eastside Costa Mesa. The median listing price for single-family homes in this area is $2,399,000. Property amenities include private outdoor space, dishwasher, air conditioning, parking, and swimming pool. View other single-family home listings in Orange County.

Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.