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$1,600,000
Est. payment /mo
3 Beds
0.55 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2508134
Bedrooms 3
Lot Size 0.554 Acres
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
Exceptional investment and development opportunity in the heart of Chula Vista! This centrally located property sits on a generous 24,114 sq. ft. lot and currently features a duplex with a 3-bedroom, 1-bath front unit and a 1-bedroom, 1-bath back unit, totaling 2,044 sq. ft. of living space. The property is in the process for approved for 48 residential units. Construction initiation is anticipated within the next 34 months, making this an ideal project for developers looking to capitalize on one of the fastest-growing areas in San Diego County. Currently zoned R-3 and fully re-designated for higher density, the site offers maximum flexibility and significant upside potential. Investors can benefit from current rental income while finalizing plans and preparing for the build. The prime central location ensures excellent connectivity to freeways, shopping, dining, schools, and public transit. Whether youre looking to develop a high-yield multifamily project or hold a large piece of Chula Vistas urban core, 691 G Street offers the recombination of immediate income and long-term growth potential. Financing is available, allowing you to secure the property now and proceed toward groundbreaking with entitlements in place. Dont miss this chance to own and develop a premier property in one of Southern Californias most desirable markets.
Location
State CA
County San Diego
Zoning Assessor
Direction GPS
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5670902900
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Listed by Erick Ciprian ROA California Inc
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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