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33 I St 5.26 Acres of Residential Land Offered at $5,500,000 in Chula Vista, CA 91910
INVESTMENT HIGHLIGHTS
- Approved 20-lot single-family map with gated layout potential
- Up to 64 units possible via California Density Bonus
- Located in desirable Hilltop neighborhood of Chula Vista
- Includes 1928 historic 5,000 SF home with bay and bridge views
- Three access points and mature tree-lined perimeter
- Not in a fire severity zone; utilities by Sweetwater Authority
EXECUTIVE SUMMARY
Buyers have multiple development paths: maintain the current 20-lot configuration, reduce to 19 lots to bypass inclusionary housing requirements, or re-entitle under California’s Density Bonus Law to achieve up to 64 units. The modest density bonus scenario allows for 40 units, including affordable housing components, while maximizing the bonus could yield a 12 du/acre project with 54 market-rate and 12 affordable units.
The site benefits from three points of access—via I Street, Hilltop Drive, and Whitney-Mankato Street—and is located within the Chula Vista Elementary and Sweetwater Union High School Districts. Estimated development impact fees are approximately $65,235 per unit based on a 2,500 SF product. The property is not located in a fire severity zone, and utility services are provided by Sweetwater Authority.
This is a compelling opportunity for builders and investors seeking a flexible, well-located project in a growing submarket with strong resale comps and scenic appeal.
The site benefits from three points of access—via I Street, Hilltop Drive, and Whitney-Mankato Street—and is located within the Chula Vista Elementary and Sweetwater Union High School Districts. Estimated development impact fees are approximately $65,235 per unit based on a 2,500 SF product. The property is not located in a fire severity zone, and utility services are provided by Sweetwater Authority.
This is a compelling opportunity for builders and investors seeking a flexible, well-located project in a growing submarket with strong resale comps and scenic appeal.
PROPERTY FACTS In Escrow
| Price | $5,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 5.26 AC |
| Property Type | Land | ||
| Zoning | R1 - Residential Low-Medium | ||
| Price | $5,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 5.26 AC |
| Zoning | R1 - Residential Low-Medium |
1 LOT AVAILABLE
Lot
| Price | $5,500,000 | Lot Size | 5.26 AC |
| Price Per AC | $1,045,627.38 |
| Price | $5,500,000 |
| Price Per AC | $1,045,627.38 |
| Lot Size | 5.26 AC |
DESCRIPTION
Positioned in the heart of Northwest Chula Vista, 33 I Street presents a rare and versatile development opportunity spanning 5.26 acres. This infill site is fully entitled with an approved tentative map for 20 single-family residential lots, including a historically significant 5,000 SF 1928 home that offers panoramic views of the San Diego Bay and Coronado Bridge. The property’s elevated topography and mature landscaping provide a unique canvas for a gated community or a higher-density residential concept.
PROPERTY TAXES
| Parcel Number | 569-381-03 | Improvements Assessment | $0 |
| Land Assessment | $139,693 | Total Assessment | $139,693 |
PROPERTY TAXES
Parcel Number
569-381-03
Land Assessment
$139,693
Improvements Assessment
$0
Total Assessment
$139,693
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