2205 Harbor Blvd - The Mesa. The property is currently for sale at $15 million and is a vacant 46-room motel being repositioned into studio apartments. The continued use as a motel is not part of the future plans. The proposed residential apartment use is under review by the City of Costa Mesa, and we are awaiting final approval to establish a timeline. The studio units are versatile, and the project can be considered ideal for: Student Housing, Assisted Living Facility, Rehabilitation Center, Subsidized or Affordable Housing, Short-Term Rentals, Micro-Apartments, Transitional Housing, Artist Lofts, Micro Retirement Community, Extended Stay Accommodation, Vacation Rentals, Training or Educational Campus and more. Each unit will include a bathroom, kitchenette, and is anticipated to be fully furnished. As noted in the brochure, the planned rental income stream is designed around full-service, all-inclusive rents. Construction for the project modifications and refurbishments is expected to begin next quarter, following rezoning approval. Tours of the property can be arranged with sufficient notice. While vacant, there is a small property manager on-site.