$1,590,000
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 3–4 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 you’re looking to develop a high-yield multifamily project or hold a large piece of Chula Vista’s 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. Don’t miss this chance to own and develop a premier property in one of Southern California’s most desirable markets.
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Listed by Erick Ciprian with ROA California Inc (619) 779-7200
Property Type
Duplex
Status
Active
MLS Number
PTP2508134
Year Built
2000
Lot Size
0.55 acres