Annette Mullen, DRE#00935034, REALTOR®
(805) 440-6620
BEDS2
BATHS2 full
SQUARE FEET1,225
MLS#OC26041042
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLNewport Mesa Unified
Listing Courtesy of:
Compass
Agency Phone: 949-438-4340
Associate Name: Brian Sperry
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Annette Mullen, DRE#00935034, REALTOR®
Property 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.
Property Features
Property Type: Residential - Single Family
Cooling: Central Air
Garage: 2 car attached
Heating: Central, Forced Air
Lot Size: 0.21 Acres
Stories: 1.0
Year Built: 1954
Amenities
Galley Kitchen
Feature Descriptions
Community Features: Street Lights
Days on Site: 8
Fireplace: Living Room
Laundry: Washer Hookup, Gas Dryer Hookup
Lot: 0-1 Unit/Acre
Parcel#: 43909111
Sewer: Public Sewer
Units: 1
Water: Public
Local Schools
School District: Newport Mesa Unified
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 949-438-4340
Agent Name: Brian Sperry
Shown By
Agent Name: Annette Mullen, DRE#00935034, REALTOR®
Agent Phone: (805) 440-6620
Agency Title: Farrell Smyth, Inc.
Estimate Your Payment
Estimated Payment
$ 8,181.01 per month $7,233.09 Principal & Interest $0.00 Property Tax (data not provided by mls) $947.92 Homeowner's InsuranceChange Payment Information
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315 University Drive | MLS# OC26041042
This single family home located at 315 University Drive, Costa Mesa, CA 92627 is currently listed for sale with an asking price of $3,250,000. This property was built in 1954 and has 2 bedrooms and 2 full baths with 1225 sq. ft. University Drive is located within the Newport Mesa Unified school district. Search Costa Mesa real estate on annettemullen.farrellsmyth.com today.