Property Detail

Spruce

Chula Vista CA 91911

$1,700,000

Status: Active

Property Details

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+ 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.

Map Location

Listing provided courtesy of Juan Rodriguez of Home Investment Center. Last updated . Listing information © 2025 PACIFICSOTHEBYSFULLSANDICORCOMBINED.

Marlene Kindt

Marlene Kindt

CA DRE #02087349
Brokerage DRE#
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