0 Spruce Road, Chula Vista, CA 91911
List Price: $1.7M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 37,000 sq ft
MLS Number: PTP2604483
About This Property
Contractors and developers! This is an incredibly valuable multi-family development opportunity in a high-demand market. 10-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, significantly raising appraisal values and velocity of sales compared to units with open carports or single spaces.
Listing provided by: Juan Rodriguez DRE #01133130 619-203-1805 juanrodriguez15@msn.com, Home Investment Center
Source: CRMLS, MLS #: PTP2604483
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.