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315 University Dr , Costa Mesa, CA 92627
$2,400,000
Est. Payment: $13,172.10/mo
2 Bed
2 Bath
1225 Sqft
0.21 Acres
Status: Active | Days on site: 16
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Chris Heller
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House 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.
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Highlights

Listed by Brian Sperry , 949-667-3300 Compass , 949-438-4340. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential
Lot/Acreage
0.21

Year Built

1954

County

Orange

Area

C5 - East Costa Mesa

 Neighborhood

Other

 School District

Newport Mesa Unified

Listing ID

OC26197241

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dishwasher, Freezer, Microwave, Refrigerator
Air Cond:Central Air
Fireplaces:Living Room
Floor:Vinyl
Other:
  • ▪ Additional:Ceiling Fan(s), Open Floorplan, Stone Counters, Recessed Lighting, Bedroom on Main Level, Galley Kitchen, Main Level Primary, Primary Suite, Walk-In Closet(s)
Water:Public

Exterior Features

Lot:0-1 Unit/Acre,Back Yard,No Land Lease
Garage Capacity:2
Zoning:R-4
Sewer:Public Sewer
Parking Features:Driveway,Garage Faces Front
Principal Interest
$13,172
Taxes
$1,530

Home Price

$2,400,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$480,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$13,172.10

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,172.10 $1,530.00 $0.00 $14,702.10
Yearly $158,065.16 $18,360.00 $0.00 $176,425.16
Total $4,741,954.80 $550,800.00 $0.00 $5,292,754.80

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

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Market insight data is pulled from the same city as the listing being viewed (Costa Mesa, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-03T19:10:48.000Z

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