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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 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.

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

90%
90% 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 8 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 10% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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