8
See all 8 photos
$1,700,000
Est. payment /mo
0.85 Acres Lot
New
0 Spruce Chula Vista, CA 91911
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2604483
Lot Size 0.849 Acres
Property Sub-Type Lots/Land
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+ monthsoften 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
Direction 805 to Main Street (West) Main Street to Maple Dr Lot is on the corner of Maple Dr, and Spruce Road
Interior
Fireplace No
Exterior
Utilities Available Other/Remarks
View Y/N No
Others
Senior Community No
Tax ID 6240421100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Juan Rodriguez, DRE#01133130 Home Investment Center
NEARBY SCHOOL & BUSINESS
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