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$9,000,000

Est. payment - /mo

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7.45 Acres Lot

Active Under Contract

0 Brandywine AVE Chula Vista, CA 91911

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:53 PM

Key Details

Property Type Vacant Land

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Chula Vista

MLS Listing ID SR24086636

HOA Y/N No

Lot Size 7.450 Acres

Property Description

Builder Alert : This rare development consists of 104 residential townhouses with a RECORDED TTM AND FINAL Recorded Tract Map and Approved Grading Plan, Improvement Plan, Landscape Plans are all approved. Seller has plan from SDG & E for Gas & Electric. This infill projects is on approx. 11.4+ acres. Superior Mix of 3-4 Br units from approx. 1,200 - 1,800 sq. ft with attached 2 car garages, all on grade. Floor plans and elevations are included and were part of the City's original approvals. Landscape , drainage and SQWMP and Soils and Traffic Report have been all approved. Working drawings and complete plans will be necessary, ( Buyer to confirm and verify approx. 45-90 days AFTER THE CLOSE OF ESCROW ) Grading plan is approved and ready to pull permits. (The applications, bonds, etc. would need to be filed with the City and the Permit pulled in the name of the eventual owner.) * CFD Approved May 7,2024 * The translocation required to relocate remaining sensitive plants to the onsite mitigation area of the northern slope of the site. (This is must be done by the project biologist during the grading. Seller has a proposal from the biologist.) Translocation during grading, create access easement for future maintenance and perform the interim Maintenance and then the City takes over (in perpetuity). Traffic Report has been approved. HOA will be needed assuming developer sells units. OR build as rent to hold, and NO HOA will be necessary. This includes a requirement for 10% MODERATE - ?Work Force Housing ? affordable component. Or, an in lieu fee of $1,291,000. For 10 units this would equate to $129,000 per unit. Consider the in lieu fee since the market value of the homes may exceed the $129,000 of the in lieu fee

Location

State CA

County San Diego

Area 91911 - Chula Vista

Zoning R1

Interior

Fireplace No

Exterior

Community Features Street Lights, Urban

View Y/N Yes

Present Use Multi-Family,Residential

Building

Lot Description Lot Over 40000 Sqft

Water Public

New Construction No

Others

Senior Community No

Tax ID 6440106100

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Sonny Benudiz • Keller Williams Realty-Studio City • soldbysonny@yahoo.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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