$1,700,000
37,000 sqft lot
Listed by Juan Rodriguez, Home Investment Center · juanrodriguez15@msn.com
0 Spruce RoadChula Vista, CA 91911
MLS# PTP2604483 · 9 photos
Description
Contractors and developers! This is an incredibly valuable multi-family development opportunity in a high-demand market. 11-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 compared to units with open carports or single spaces. See attached drawings on the document section.
Facts
- Lot size
- 37,000 sqft
- County
- San Diego
- Listed
- 2026-06-11
- Days on market
- 140
