8
See all 8 photos
$1,599,000
Est. payment /mo
Active
799 Ada St #/62 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
Subdivision Chula Vista
MLS Listing ID 250017143
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
Area South Bay
Direction Please call listing agent Jason Lee at 858-336-9688.
Interior
Fireplace No
Exterior
Fence Other/Remarks
Utilities Available Other/Remarks
View Y/N No
Water Access Desc Other/Remarks
Building
Water Other/Remarks
Others
Tax ID 622-071-04-00
Special Listing Condition Call Agent
Virtual Tour https://www.propertypanorama.com/instaview/snd/250017143
Listed by Jason J Lee Nara Advisors, Inc.