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317 University Drive, Costa Mesa, CA 92627

$2,900,000 Approx. USD 5 beds, 3 baths
2,430 sqft

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Photo of Jaime Morrell

Marketed By Jaime Morrell REALTOR® - Sales Associate 949-241-1256 m
949-241-1256 o
949-861-2071 f
Lic#: 01469226
NRDS ID: 157513278
jaimemorrell@bhhscal.com Irvine Office
18600 MacArthur Blvd., Suite 150
Irvine, CA 92612
Phone: 949-794-5700
Fax: 949-794-5701

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Listing Agent

Shane Dailey | shane@calmutualhomes.com
Lic#: 01484412
Broker: Courtesy of Cal Mutual Inc
Phone: 323-821-8323

Agent Remarks

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 Details

Trust & Probate

Property type: (Multi-Family)

Status: Pending

MLS# 26828517

Price: $2,900,000

Beds: 5

Baths: 3

None fireplaces

2,430 sqft

1 story

0.21 acres

Lot size: 0.2100

County: Orange

Property style: Bungalow

Construction: Stucco

Appliances: Disposal,Oven,Range

Parking description: Assigned,Controlled Entrance,Door-Single,Driveway,Garage,Side By Side

Lot description: Front Yard,Lawn

Heating/cooling: None

Heating description: Electric

MLS area: C5 - East Costa Mesa

Last Updated: 5/26/2026

Days On Market (DOM): 25

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This listing belongs to the C5 - East Costa Mesa MLS area

The style of this listing is Bungalow.
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Lat/Long: 33.657589, -117.890032.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Previous Listing

Photo of Jaime Morrell

Jaime Morrell REALTOR® - Sales Associate 949-241-1256 m
949-241-1256 o
949-861-2071 f
Lic#: 01469226
NRDS ID: 157513278
jaimemorrell@bhhscal.com
Irvine Office
18600 MacArthur Blvd., Suite 150
Irvine, CA 92612