About This Home
This 2-bedroom, 2-bathroom single family at 315 University Drive in Costa Mesa, CA is listed for $2,400,000 ($1,959 per sqft). Built in 1954, the home offers 1,225 sqft of living space on a 0.21 acres lot.
Key Features
- Built in 1954
- 0.21 acre lot
- 2 parking spaces
- Fireplace
Property Details
Amenities
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.
Monthly Cost Estimate
$12,836/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
315 University Drive
Costa Mesa, CA 92627
Other (OTHR)
Features & Amenities
Interior Features
Property Details
Flooring
Outdoor Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 2-bedroom, 2-bathroom single family at 315 University Drive is listed at $2,400,000 ($1,959/sqft). The estimated monthly payment is $12,836 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1954, 0.21 acre lot, 2 parking spaces, Fireplace. Interior Features: Ceiling Fan(s), Recessed Lighting, Open Floorplan.
This property is listed by Brian Sperry and can be reached at 9496673300.