317 University Drive, Costa Mesa, CA 92627

Multi-Family · For sale · $2,900,000 · MLS# 26828517

Multi-Family for sale in Southern California — $2,900,000. 5 beds · 3 baths · 2,430 sqft. Here is the incredible income opportunity you have been looking for! This great property is all about location, location, location with so much upward potential. It is in the heart of Costa Mesa's up-and-coming ne…

317 University Drive
Pending

$2,900,000

317 University Drive, Costa Mesa, CA 92627

5beds
3baths
2,430sqft
Multi-FamilyProperty type
9,148 sqft lotLot size
2,430 sqftLiving area
$1,193/sqftPrice / sqft
HOA
1 spaceGarage
4 spacesTotal parking

Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Heating

  • Heating: Electric

Cooling

  • Cooling: None

Appliances

  • Included: Disposal, Oven, Range

Interior area

  • Living area: 2,430 sqft

Property

Parking

  • Total parking spaces: 4
  • Garage spaces: 1

Lot

  • Lot size: 9,148 sqft

Features

  • Pool features: None
  • View: None

Construction

Type & style

  • Home type: Multi-Family

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 78 days
  • Price / sqft: $1,193
  • Status: Pending
  • MLS#: 26828517

Location

  • City: Costa Mesa
  • ZIP: 92627

About this home

Here is the incredible income opportunity you have been looking for! This great property is all about location, location, location with so much upward potential. It is in the heart of Costa Mesa's up-and-coming neighborhood with so much growth opportunity. Awesome investment opportunity for an investor looking to rehab or build multiple units or owner occupied in walking distance to great parks, restaurants, schools and so much more! In this very nice Costa Mesa neighborhood this is the type of neighborhood people love because it is so convenient to so much activity. All units are each in very good condition with tenant pride. This great income property is a triplex with 3 Separate houses and a garage; the front unit has 2 bedrooms & 1 bath and laundry hook ups, the middle unit has 2 bed and 1 bath and laundry hookups and the rear unit has 1 bedroom & 1 bath, and the extra-long driveway with parking area provide plenty of off-street parking! These are turnkey rental units for investors looking an income property with easy tenants and great rents or a great potential parcel for building up a larger development within Costa Mesa building codes. Don't miss this opportunity, it won't last long! The adjacent parcel to the NW is also for sale for an even larger project.

Listing updated: May 26, 2026 at 10:43 AM

Listed by: Shane Dailey, Cal Mutual Inc

Source: CRMLS, MLS#: 26828517, Originating MLS: California Regional MLS

Location

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Costa Mesa

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Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Heating

  • Heating: Electric

Cooling

  • Cooling: None

Appliances

  • Included: Disposal, Oven, Range

Interior area

  • Living area: 2,430 sqft

Property

Parking

  • Total parking spaces: 4
  • Garage spaces: 1

Lot

  • Lot size: 9,148 sqft

Features

  • Pool features: None
  • View: None

Construction

Type & style

  • Home type: Multi-Family

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 78 days
  • Price / sqft: $1,193
  • Status: Pending
  • MLS#: 26828517

Location

  • City: Costa Mesa
  • ZIP: 92627

Price history

DateEventPrice
5/01/2026Source: CRMLS, #26828517Listed for sale$2,900,000$1193/sqft0.0%
5/01/2026Source: CRMLS, #26828517Pending sale$2,900,000$1193/sqft
California Regional Multiple Listing Service (CRMLS)

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-26 10:43:21 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information