Property Details
Property Details
Property Details
315 University Drive, Costa Mesa, CA 92627
$2,925,000 LOGIN TO SAVE
315 University Drive, Costa Mesa, CA 92627
Bedrooms: 2
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Bathrooms: 2
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Area: 1225 SqFt.
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.
Features
Listing provided courtesy of Brian Sperry of Compass. Last updated . Listing information © 2025 Sandicor.












