799 Ada St #/62, Chula Vista, CA 91911

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$1,599,000

Est. payment - /mo

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Chula Vista

MLS Listing ID 250017143

HOA Y/N No

Property Sub-Type Lots/Land

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

Community Chula Vista

Area Chula Vista (91911)

Exterior

Fence Other/Remarks

Building

Lot Size Range .25 to .5 AC

Water Other/Remarks

Others

Acceptable Financing Cash, Conventional, FHA, Other/Remarks

Listing Terms Cash, Conventional, FHA, Other/Remarks

Special Listing Condition Call Agent

Virtual Tour https://www.propertypanorama.com/instaview/snd/250017143

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Listed by Jason J Lee • JLM Real Estate Inc

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

799 Ada St #/62 Chula Vista, CA 91911

Sheila Dadashzadeh

Key Details

Location

Exterior

Building

Others

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