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$ 1,599,000
Est. payment | /mo
$ 1,599,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Chula Vista
MLS Listing ID 250017143SD
HOA Y/N No
Property Description
Welcome to an extraordinary development opportunity located in the highly desirable Chula Vista. This expansive lot, spanning an impressive 15,185 sq ft (0.37 acres), is zoned in an Opportunity Zone and situated within the Palomar Gateway Specific Plan District. It is a rare find with Design Review Approval from the City of Chula Vista for an 18-unit high-density residential project. The project is considered entitled, and the architect and civil engineer involved are prepared to release the existing drawings to facilitate the next steps toward completion. With architectural plans readily available, this opportunity offers investors a significant advantage in streamlining the development process. Proposed development includes: (6) 2Bedroom/1bathroom Units & (12) 3Bedroom/2bathroom units each over 1,000 sq ft. Currently, the property features a 2-bedroom, 1-bathroom single-family residence, offering the possibility of generating rental income or serving as a transitional space during development.
Location
State CA
County San Diego
Area 91911 - Chula Vista
Interior
Fireplace No
Exterior
Utilities Available See Remarks
View Y/N No
Building
Lot Description Level
Water See Remarks
Others
Senior Community No
Tax ID 6220710400
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Jason Lee • Nara Advisors, Inc.