330 University Drive

Costa Mesa, CA 92627

  • 0 Sqft
  • 8276
    Sqft(Lot)
$2,049,000

Description

Investors and builders - with a recent rezoning by the county of orange, this highly desirable property offers unparalleled flexibility and development potential, setting it apart from any other on the market in the newport-mesa area. just 350 yards or so from the serene waters of newport's back bay, this 8,275-square-foot property is ideally located in an unincorporated area of eastside costa mesa. considering building six new townhomes? how about up to 14 apartments? this property is zoned for both, with a maximum height allowance of 35 feet. alternatively, design your dream home or even two! you could also renovate the existing 1,400 sqft 3-bedroom, 1.5-bath residence while capitalizing on its two oversized garages and onsite parking for up to 20 vehicles. there are two distinct architectural renderings: townhouse rendering -this concept showcases 5 custom townhomes, and 1 custom adu, all designed in a modern coastal craftsman style. each townhome is designed with balconies and two car garages. this configuration could generate an estimated sale of more than $7 million. apartment rendering - this option presents 8 high-end custom apartments plus 2 custom adu apartments. each apartment includes a private balcony and a single-car garage equipped with an ev charger. under this plan, the conservative rental income is estimated at $35,000 monthly and $420,000 annually. this development opportunity offers a wealth of possibilities: 1. develop and sell build and sell all units for an immediate profit. 2. develop and rent lease all units to generate steady rental income while benefiting from long-term appreciation and potential tax write-offs. 3. build and live create your dream property, move into one unit, and rent the others. 4. build and retain keep one or two townhomes for yourself, then sell the remaining units to offset your investment costs. 5. 1031 exchange use this opportunity to complete your 1031 exchange and defer capital gains taxes. please ask listing agent for offering memorandum or look in mls documents. *buyer to conduct their own due diligence with the county of orange to confirm all development standards

  • Property Type

    Land

  • County

    Orange

  • Style

    Land

  • AD ID

    48449398

Sell a home like this and save $122,441 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Bathroom Information

    • Total Baths: 0
    • Full Baths: 0
    • Half Baths: 0

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.19
    • Lot Size Dimensions: 60x138
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 8276

  • Listing Price Information

    • Original List Price: 2,049,000
    • Listing Contract Date: 2025-01-27

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 43909213

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: N7 - West Bay - Santa Ana Heights
    • Postal Code Plus 4: 1440
    • Directions: From 55 freeway heading south, Exit Del Mar Ave/ Fair Dr. Make a left turn onto Del Mar. This will turn into University Dr. The property is just past Santa Ana Ave and University.
    • Zoning: R4
    • Source Property Type: Land
    • Area: N7 - West Bay - Santa Ana Heights

    Building and Construction

    • Year Built Source: Vendor Enhanced
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 01/30/2025 @ 17:19

  • MLS: 25489755
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 8,276 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Costa Mesa , in zip code 92627, this Orange County Land are nearby neighborhoods.