Under Contract

Active Under Contract

0 Brandywine Avenue

Chula Vista CA, 91911

$9,000,000


$27.73 per sqft

Under Contract

Active Under Contract

7.45 Acres

Land

Listed by Sonny Benudiz with Keller Williams Realty-Studio City 818-432-1500

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

SR24086636

MLS ID

May 1, 2024

Listed

July 14, 2024

Updated

Map

0 Brandywine Avenue
Chula Vista CA, 91911

Exterior/Building Features

Lot Size

7.45 Acres


Lot Features

Lot Over 40000 Sqft

Other Property Details

Area Name

91911 - Chula Vista


Days on Market

70


Garage

No


View

Yes


County

San Diego


Water Source

Public


Pool

No


Zoning

R1


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

7/10/2024

Under Contract

Listing Contact: 818-432-1500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 7:26 AM UTC

 

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