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.
AGENT: Shane Dailey LISTING BROKERAGE: Cal Mutual Inc
Courtesy of Cal Mutual Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 317 University DR
Costa Mesa, CA
Property Details
Price:
$2,900,000
MLS #:
26828517
Status:
Pending
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
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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
Map
Community
- Address317 University DR Costa Mesa CA
- CityCosta Mesa
- CountyOrange
- Zip Code92627
