799 Ada St

Chula Vista, CA 91911

$1,700,000

List Price

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Property Description

Welcome to an extraordinary development opportunity located in the highly desirable Chula Vista. This expansive lot, spanning an impressive 15,185 sq ft (0.37 acres), is zoned in an Opportunity Zone and situated within the Palomar Gateway Specific Plan District. It is a rare find with Design Review Approval from the City of Chula Vista for an 18-unit high-density residential project. The project is considered entitled, and the architect and civil engineer involved are prepared to release the existing drawings to facilitate the next steps toward completion. With architectural plans readily available, this opportunity offers investors a significant advantage in streamlining the development process! Proposed Development Includes: (6) 2-Bedroom / 2-bathroom Units (1,076 sq ft) (12) 3-Bedroom / 2-bathroom Units (1,222 sq ft) Currently, the property features a 2-bedroom, 1-bathroom single-family residence, offering the possibility of generating rental income or serving as a transitional space during development. - Design Review Approval from the City of Chula Vista - Architect Plans available - Zoned in an Opportunity Zone & Palomar Gateway Specific Plan District - Lot spanning 15,185 square feet

Listing Information

List Price $1,700,000
Status Active
MLS 250017259SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size N/A
Structure Size N/A
Courtesy Of JLM Real Estate Inc
Listing Agent Jason Lee DRE#02068011

Interior Features

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Maps

Listing information courtesy of: Jason Lee, JLM Real Estate Inc 619-891-0403. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 24th, 2025 at 9:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.