2205 Harbor Blvd - Costa Mesa, CA

Investment Overview

For Sale: The property is currently for sale AS-IS at $13.5 million and is a vacant 46 room and a 2 bedroom management apartment motel that has been approved for single occupancy. Continued use as a motel is not part of the future plans. The proposed residential apartment has been issued a formal approval of their planning application by the City of Costa Mesa.

The remodeled studio units are ideal for single occupancy low-income apartments and other alternative uses (transitional housing, rehabilitation center, etc.) with appropriate city approval.

Each unit includes a bathroom, kitchenette, and is fully remodeled. As noted in the OM, the planned rental income stream is designed around full-service, all-inclusive rents.

*Any alternative use must be confirmed by the buyer*

Repositioning Opportunity

2205 Harbor Boulevard presents a compelling repositioning opportunity in the heart of Costa Mesa, ideally situated for forward-thinking developers and investors. While recently approved and furnished for single-occupancy use, the property is also poised for alternative transformation pursuant to the City’s Housing Element, which identifies the site for other residential redevelopment. A full residential rezone is actively in progress, with implementation anticipated by Spring 2026, allowing for a redevelopment up to 28 residential units at a density of 50 dwelling units per acre (du/ac).

The site’s prescribed affordability mix includes:

• 5 Very Low-Income Units
• 3 Low-Income Units
• 5 Moderate-Income Units

This balanced affordability profile supports both community needs and potential incentives under state and local housing programs.

With its central location, proximity to retail, transit, and employment hubs, and a favorable policy environment, 2205 Harbor Blvd is a rare opportunity to reposition a well-located asset into a vibrant community.

*All of the above information regarding residential development standards are to be verified with the city of Costa Mesa*