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In-PersonVirtual Tour
$ 1,700,000
Est. payment | /mo
0.85 Acres Lot
$ 1,700,000
Est. payment | /mo
0.85 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2604483
HOA Y/N No
Lot Size 0.849 Acres
Property Description
Contractors and developers! This is an incredibly valuable multi-family development opportunity in a high-demand market. 10-unit condominium project approved and entitled by the City of Chula Vista eliminates the most unpredictable and stressful phase of real estate development. Navigating discretionary approvals, California Environmental Quality Act compliance, design reviews, and community pushback typically takes 9 to 15+ months—often stretching past two years. Skipping this phase saves massive holding costs, interest payments, and bureaucratic delays, allowing to capitalize on the immediate market. All 3-Bed, 2-Car Garage Units allignes with specified unit mix perfectly targets much of the buyer pool. The housing market remains highly supply-driven, with 3-bedroom townhomes and condos moving quickly. Attached 2-car garages are a fantastic selling point in townhome/condo communities, significantly raising appraisal values and velocity of sales compared to units with open carports or single spaces.
Location
State CA
County San Diego
Area 91911 - Chula Vista
Zoning R-1
Interior
Fireplace No
Exterior
Community Features Street Lights
Utilities Available See Remarks
View Y/N Yes
View Neighborhood
Building
Lot Description 0-1 Unit/Acre
Sewer Other
Others
Senior Community No
Tax ID 6240421100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Cash to New Loan,Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2604483
Listed by Juan Rodriguez Home Investment Center juanrodriguez15@msn.com, DRE #01133130
NEARBY SCHOOL & BUSINESS
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