Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

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) 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. – Design Review Approval from the City of Chula Vista – Architect Plans available – Zoned in an Opportunity Zone & Palomar Gateway Specific Plan District – Lot spanning 15,185 square feet

Additional Information
JLM Real Estate Inc
0
SAND-683906
SAND-991580
Jason
6220710400

Commercial Sale For Sale

799 Ada St, Chula Vista, California 91911

$1,700,000
Listing ID #250017259SD
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 250017259SD
Price : $1,700,000
Country : US
State : California
County : San Diego
City : Chula Vista
Zipcode : 91911
ModificationTimestamp : 2025-01-24 17:19:26
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent