969 Gillespie Dr, Spring Valley, CA 91977 - MLS#NDP2506916

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Aug

Sat

Aug

Sun

Aug

Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,795,000

Est. payment - /mo

Save

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID NDP2506916

Property Sub-Type Lots/Land

Property Description

Presenting a prime infill development opportunity in the heart of Spring Valley, this 1.99-acre site at 969975 Gillespie Drive offers a rare chance for residential builders to capitalize on San Diegos 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 Citys 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 northproviding a strong foundation for community growth and integration. The property currently includes four existing structuresthree of which are older rental homes providing interim income, and one that is vacant and likely a tear-down. This setup offers developers the advantage of cash flow during the entitlement process, making it an ideal land-banking opportunity. With strong rental demand in the area, immediate access to Highway 94, and close proximity to schools, transit, and ess

Location

State CA

County San Diego

Direction CA-94 East to Jamacha Rd. Turn right on Gillispie Dr

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 5840623700

Read Less Info

Listed by Jeff Kane Coldwell Banker West

GET MORE INFORMATION

Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

969 Gillespie Dr Spring Valley, CA 91977

Arash Rokni

Key Details

Location

Interior

Exterior

Others

GET MORE INFORMATION