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Investment Highlights

  • Shovel Ready!!!
  • Entitled 11 condominium project

Executive Summary

Please call listing agent Juan Rodriguez with any questions (619)737-2272. 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 aligns 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.

Property Facts

Price $2,366,502 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 0.88 AC
Zoning R1P7

1 Lot Available

Lot

Price $2,366,502 CAD
Price Per AC $2,689,191.62 CAD
Lot Size 0.88 AC

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.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
624-042-11
Land Assessment
$385,770 CAD
Improvements Assessment
$0 CAD
Total Assessment
$385,770 CAD
  • Listing ID: 41619316

  • Date on Market: 2026-08-09

  • Last Updated:

  • Address: 0 Spruce Road, Chula Vista, CA 91911

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