317 University DR Costa Mesa CA 92627 MLS #26828517

317 University DR
Costa Mesa, CA, 92627
$2,900,000
5 Beds
3 Baths
2,430 SqFt
0.21 Acres
$2,900,000
317 University DR
Costa Mesa, CA, 92627
MLS #26828517 image #0
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.

Property Details

Price:
$2,900,000
MLS #:
26828517
Status:
Active
Beds:
5
Baths:
3
Type:
Single Family
Neighborhood:
c5eastcostamesa
Listed Date:
May 1, 2026
Finished Sq Ft:
2,430
Total Sq Ft:
2,430
Lot Size:
9,148 sqft / 0.21 acres (approx)
BungalowC5 – East Costa MesaC5eastcostamesaNone

Schools

Interior

Appliances
GD, OV, RA
Cooling
NO
Flooring
TILE, LAM, CARP
Heating
ELC
Levels
A

Exterior

Accessibility Features
NO
Architectural Style
BNG
Common Walls
NCW
Construction Materials
STC
Garage Spaces
1
Parking Spots
4
Parking Total
4
Patio And Porch Features
BRK, CON, SEE, SL, OPN
Roof
SHN
Spa Features
NO
View
NO

Financial

Gross Operating Income
$85,100
Net Operating Income
$85,100
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Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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Current real estate data for Single Family in Costa Mesa as of May 21, 2026
190
Single Family Listed
58
Avg DOM
604
Avg $ / SqFt
$1,258,128
Avg List Price

Community

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Property Summary

    317 University DR Costa Mesa CA is a Single Family for sale in Costa Mesa, CA, 92627. It is listed for $2,900,000 and features 5 beds, 3 baths, and has approximately 2,430 square feet of living space.The current price per square foot is $1,193. The average price per square foot for Single Family listings in Costa Mesa is $604. The average listing price for Single Family in Costa Mesa is $1,258,128. To schedule a showing of MLS#26828517 at 317 University DR in Costa Mesa, CA, contact your James Outland agent at 8057482262.
317 University DR
Costa Mesa, CA
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