315 University Drive, Costa Mesa, CA 92627
- $2,400,000
- 2
- BD
- 2
- BA
- 1,225
- SqFt
- List Price
- $2,400,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- OC26197241
- Subtype
- Residential
- Year Built
- 1954
- Bedrooms
- 2
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,225
- Lot Size
- 9,148
- Acres
- 0.21
- Subdivision
- Other
- Neighborhood
- Other
- MLS Area Major
- East Costa Mesa (C5)
Property 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-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.
Additional Information
- Interior Features
- Ceiling Fan(s), Open Floorplan, Stone Counters, Recessed Lighting, Bedroom on Main Level, Galley Kitchen, Main Level Primary, Primary Suite, Walk-In Closet(s)
- Zoning
- R-4
- Flooring
- Vinyl
- Appliances
- Dishwasher, Freezer, Microwave, Refrigerator
- Heating
- Central, Forced Air
- Air Conditioning
- Yes
- Stories
- One Level
- Levels
- One
- Pool Type
- None
- Parking Features
- Driveway, Garage Faces Front
- Garage Spaces
- 2
- School District
- Newport Mesa Unified
- View
- None
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Listing courtesy of Listing Agent: Brian Sperry (brian@briansperry.com) from Listing Office: Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.