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799 Ada St

Chula Vista CA 91911

Land
Currently for sale - view listing

Overview

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) 2Bedroom/1bathroom Units & (12) 3Bedroom/2bathroom units each over 1,000 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.

Features

Land

Property history for 799 Ada St

2016
Sold
$385,000
04 Mar 2016 by Ines Polanco-Silva, of Coldwell Banker West

Happy sellers in Chula Vista

90%
90% of sellers in Chula Vista reported that their sale price either exceeded or met their price expectations.

Chula Vista stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Chula Vista over the last 12 months.

Local market activity for land plots in Chula Vista

In the last 12 months, 1 land similar to 799 Ada St, have been sold.

This represents a 50% increase in land plots sales when compared to the previous 12 months.

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