$1,700,000
0 Spruce Road
Chula Vista, CA 91911
—
Beds
—
Baths
37,000
Square feet
—
Built
Listing narrative
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.
Property Details
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Price
$1,700,000
Beds
Beds n/a
Type
Land
Home Size
37,000 sqft
Baths
Baths n/a
Lot Size
0.85 acres
Year
Year n/a
Status
For Sale
Days on Market
148
$ / Sqft
$46
Courtesy of Home Investment Center






