Listed by soldbysonny@yahoo.com - Sonny Benudiz - DRE #00790097 - Keller Williams Realty-Studio City 818-432-1500
$9,000,000 affordable loan icon Calculate Payment

Brandywine Avenue Chula Vista, CA 91911

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Land Residence
Beds
Baths
Sq. Ft.
7.45 Acre Lot

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Last updated on 11/23/2024 12:44 PM
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 Continue reading
MLS#
SR24086636
Property Type
Land
Status
Active Under Contract
Lot Size
7.45

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Listed by soldbysonny@yahoo.com - Sonny Benudiz - DRE #00790097 - Keller Williams Realty-Studio City 818-432-1500
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/23/2024 12:44 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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