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) 2-Bedroom / 2-bathroom Units (1,076 sq ft) (12) 3-Bedroom / 2-bathroom Units (1,222 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.
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Address Map
US
CA
SD
Chula Vista
91911
Ada St
799
W118° 54' 43.9''
N32° 36' 7.8''
South Bay
Additional Info
JLM Real Estate Inc
Additional Information
: Other/Remarks
18
4
Listing Information
683906
991580
ACTIVE
2025-01-25T00:21:37Z
sdmls
: Call Agent
5 Bedrooms
$1,700,000
Listing ID #250017259
Basic Details
Property Type : Residential Income Additional
Listing Type : For Sale
Listing ID : 250017259
Price : $1,700,000
Bedrooms : 5
Status : Active
Property Sub Type : Com-Res Income
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