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Listed by Jeff Kane • Coldwell Banker West
$ 1,795,000
Est. payment | /mo
86,684 SqFt
$ 1,795,000
Est. payment | /mo
86,684 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 86,684 sqft
Price per Sqft $20
MLS Listing ID CRNDP2506916
HOA Y/N No
Lot Size 1.990 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
Presenting a prime infill development opportunity in the heart of Spring Valley, this ±1.99-acre site at 969–975 Gillespie Drive offers a rare chance for residential builders to capitalize on San Diego’s growing housing demand. Zoned Village Residential (VR-15), the property supports a wide range of residential development options including single-family homes, duplexes, townhomes, ADUs (both attached and detached), and stacked multifamily units. Preliminary calculations from Lightfoot Planning Group (April 2025) project the potential for 36 to 45 units through the application of the City’s Density Bonus Program. Strategically situated in a transit-oriented corridor, the property is within a 10-minute walk of two trolley stations and multiple bus lines, offering residents seamless connectivity to the greater San Diego region. The topography is generally level, with utilities on site including a fire hydrant at Gillespie and St. George. The area is already a vibrant residential hub, bordered by a middle school to the east, senior apartments to the south, and multiple multifamily complexes to the north—providing a strong foundation for community growth and integration. The property currently includes four existing structures—three of which are older rental homes providin
Location
State CA
County San Diego
Interior
Fireplace No
Exterior
View Panoramic, Other
Building
Lot Description Level
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