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Donnie Bowen

[email protected] +1(949) 290-9754

$ 2,925,000

Est. payment | -/mo

2 Beds

2 Baths

1,225 SqFt

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$ 2,925,000

Est. payment | -/mo

Save

2 Beds

2 Baths

1,225 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,225 sqft

Price per Sqft $2,387

MLS Listing ID OC26041042

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1954

Lot Size 9,147 Sqft

Property Sub-Type Single Family Residence

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.

Location

State CA

County Orange

Area C5 - East Costa Mesa

Zoning R-4

Rooms

Main Level Bedrooms 3

Interior

Interior Features Galley Kitchen

Heating Central, Forced Air

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 43909111

Acceptable Financing Trust Conveyance

Listing Terms Trust Conveyance

Special Listing Condition Trust

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Brian Sperry Compass 949-667-3300, DRE #01478815

NEARBY SCHOOL & BUSINESS

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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315 University DR Costa Mesa, CA 92627