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317 University Drive

Costa Mesa, CA 92627
  • $2,900,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 26828517
$2,900,000
  • 5
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,430
    SQFT
  • $1,193
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Listing Agent(s): Shane Dailey of Cal Mutual Inc (323-821-8323)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-19T00:28:22.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/176036317
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317 University Drive Costa Mesa, CA 92627

  • Price: $2,900,000
  • Status: Active
  • On Site: 17 Days
  • ID#: 26828517
5
Beds
0
Baths
0
½ Baths
0.21
Acres
2,430
SQFT
$1,193
$/SQFT
Neighborhood:
C5 - East Costa Mesa
County:
Orange
Area:
C5 - East Costa Mesa
Property Description
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.
Exterior Features

Architectural Style Bungalow Construction Materials Stucco Entry Level 1 Entry Location Main Level Lot Features Front YardLawn Parking Features AssignedControlled EntranceDoor-SingleDrivewayGarageSide By Side Parking Total 4 Patio And Porch Features BrickConcreteOpenPatioSee Remarks Pool Features None Pool Private YN No Property Attached YN No Roof Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None Appliances DisposalOvenRange Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating Electric Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Buyer Financing Cash Disclosures Trust/Conservatorship Garage YN Yes Gross Income 85100 Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 85100 New Construction YN No Possession Close Of EscrowNegotiable Property Condition FixerRepairs Cosmetic Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-19T00:28:22.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
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Hemet CA, 92545
Listing Agent(s): Shane Dailey of Cal Mutual Inc (323-821-8323)