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315 University Drive

Costa Mesa CA 92627

2
2
2
1225 sq. ft.
9148 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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.

Features

2 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
1225 sq. ft. floor area
9148 sq. ft. lot size
Single-Family

Property history for 315 University Drive

2021
Sold
$1,425,000
02 Mar 2021 by Andrew Nahin, of The Nahin Group
2009
Sold
$560,000
31 Jul 2009 by Marlene Dietrich, of Berkshire Hathaway HomeServices California Properties (Irvine, 92612)

Happy sellers in Costa Mesa

92%
92% of sellers in Costa Mesa reported that their sale price either exceeded or met their price expectations.

Costa Mesa stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Costa Mesa over the last 12 months.

Local market activity for 2 bedroom single-family properties in Costa Mesa

In the last 12 months, 18 two-bedroom single-family properties similar to 315 University Drive, have been sold.

This represents a 5% decrease in two-bedroom single-family properties sales when compared to the previous 12 months.

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