Property listed by Premier Agency R.E. Inc, Erick Ciprian [email protected]
$1,499,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
146
Last Updated
Property Type
Duplex
Lot Size
0.55 Acres
Year Built
2000
MLS Number
PTP2508134
Additional Details
Building
Built in 2000, 2 buildings, 1 storey, Entry level: 1, Entry location: 1
Community
Sidewalks
Expenses
Operating: $4,946
Home Owner's Association
Association Fee: $0
Income
Gross Income: $70,800, Gross ScheduledIncome: $70,800, Net Operating Income: $65,844
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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