Listing provided courtesy of Jason Lee of JLM Real Estate Inc. Last updated 2025-04-29 09:19:48.000000. Listing information © 2024 SANDICOR.
Asking Price: $1,599,000
799 Ada St Unit /62, Chula Vista CA 91911
Community: Chula Vista
This Lots/Land property was built in and is priced at $1,599,000. Please see the additional details below.
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.
