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$1,700,000
PTP2604483 MLS ACTIVE Status
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+ 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 compared to units with open carports or single spaces. See attached drawings on the document section. 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+ 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 compared to units with open carports or single spaces. See attached drawings on the document section.

Spruce, Chula Vista

$949,000
PTP2506830 MLS ACTIVE Status
Lot size approximate .56 Acre (24,411 SQ/FT) Commercial land. This project site is located in an unincorporated area within the Bonita Glen Specific Plan, it allows for a lot coverage of up to 40%. it allows for commercial, mixed-use or multi-residential development with no CUP requirement. Multi-residential development utilizing R-3 Zoning has potencial for (18) Studio / 1 Bedroom units or up to 1(5) 4 bedroom units. Affordable Housing Bonus also available. Lot size approximate .56 Acre (24,411 SQ/FT) Commercial land. This project site is located in an unincorporated area within the Bonita Glen Specific Plan, it allows for a lot coverage of up to 40%. it allows for commercial, mixed-use or multi-residential development with no CUP requirement. Multi-residential development utilizing R-3 Zoning has potencial for (18) Studio / 1 Bedroom units or up to 1(5) 4 bedroom units. Affordable Housing Bonus also available.

280 Bonita Glen Dr, Chula Vista

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