691 G Street, Chula Vista, California 91910, Chula Vista, 91910 - 0 bed, 0 bath
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Chula Vista, California 91910
This High-Density Development Asset is listed at $1,499,000, representing a strategic acquisition in a high-growth corridor. While the $1,320,029 Fair Market Value reflects the current residential income use, the property’s primary value is anchored in the 24,114 sq. ft. lot and its Approved 48-Unit Residential Designation. Currently maintaining a Good Condition Rating, the existing duplex provides immediate cash flow during the entitlement finalization phase. With R-3 Zoning and prime proximity to transit, this is a premier project for Real Estate Developers and Institutional Investors seeking maximum density upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 691 G Street Subject | $1,499,000* List Price | 0 | 0 | 2,044 | $646 | - |
A 704 J Street Sold | $1,180,000 | 5 | 4 | 1,890 | $624 | 0.8 mi |
B 702 4 Oaklawn Avenue Pending | $1,119,000 List Price | 0 | 0 | 1,550 | $722 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 2000 (24 years ago), the kitchen has been recently updated with modern stainless steel appliances, white shaker-style cabinets, and contemporary LVP flooring, suggesting renovations within the last 5-15 years. Other living areas feature well-maintained hardwood floors and fresh paint. Although no bathroom images are provided, the overall visible interior indicates a functional and move-in ready condition suitable for current rental income, aligning with the 'Good' criteria for properties with updated components and well-maintained systems, even if not fully renovated.
The property is in the process for approved for 48 residential units and fully re-designated for higher density, offering significant upside potential for developers.
Situated in the heart of Chula Vista, the property boasts excellent connectivity to freeways, shopping, dining, schools, and public transit.
A substantial 24,114 sq. ft. lot provides ample space for the approved 48-unit residential development.
While approved, large-scale development of 48 units carries inherent risks, including potential construction delays, cost overruns, and market fluctuations.
Beyond the purchase price, substantial additional investment will be required for the construction of the 48 residential units.
The current duplex, while providing interim income, is intended for demolition, meaning its long-term asset value is negligible in the overall development plan.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,044 | 1,584 | 89% |
| Lot Size | 24,114 | 5,906 | 89% |
| Price | $1.50M | $864.0K | 89% |
| Price per sq ft | $733 | $548 | 89% |
| Built year | 2000 | 1953 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 176 | 191 | 44% |
Mar 21, 2026
$1,499,000
$1,590,000
-6% Price Drop
Initial Listing
Mar 12, 2026
$1,590,000
$1,600,000
-1% Price Drop
Initial Listing
Oct 28, 2025
$1,600,000
Initial Listing