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For SaleLuxury

$1,700,000

37,000 sqft$46/sqft148 days on market

0 Spruce Road

Chula Vista, CA 91911

· 8% down, 7% APR, 30yr fixed

—

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.

Listing agent (MLS): Juan Rodriguez · Listing brokerage (MLS): Home Investment Center

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

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

· 8% down, 7% APR, 30yr fixed
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Courtesy of Home Investment Center