Chula Vista, CA 91911 799 Ada St # /62
$1,599,000



3 more




Presented By: Jason J Lee with Nara Advisors, Inc.;
Home Details
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.
Presented By: Jason J Lee with Nara Advisors, Inc.;
General for 799 Ada St # /62
CFD/Mello-Roos Fee0.0
CommunityCHULA VISTA
NeighborhoodChula Vista
Other Fees0.0
Sale/RentFor Sale
Senior Community Y/NN/K
TermsCash, Conventional, FHA, Other/Remarks
TopographyLevel
WaterOther/Remarks
Exterior for 799 Ada St # /62
FencingOther/Remarks
FrontageOther/Remarks
IrrigationOther/Remarks
Lot Size Area.25 to .5 AC
Water DistrictCITY OF SAN DIEGO
Additional Details
Price History
