Spruce Road, Chula Vista, CA 91911
- $1,700,000
- List Price
- $1,700,000
- Status
- ACTIVE
- MLS#
- PTP2604483
- Lot Size
- 37,000
- Acres
- 0.85
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 49
- Property Type
- Land
Property 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.
Additional Information
- View
- Neighborhood
- Sewer
- Other
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Juan Rodriguez (juanrodriguez15@msn.com) from Listing Office: Home Investment Center.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.