Skip to main content
Back to Search Results
|

969 Gillespie Dr 985, Spring Valley, CA 91977

Show All 10 Photos
For Sale

$1,795,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

Explore this Property

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 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 essential services, this site offers the perfect blend of holding potential and long-term development upside. For builders targeting infill opportunities with scale, flexibility, and prime location, this asset is well-positioned in one of San Diego s most active and supply-constrained residential submarkets.
MLS# NDP2506916

Courtesy Of Coldwell Banker West

(619) 737-2126

Property Features

  • Architecture Style
    Other
  • View Type
    Panorama

Map and Directions

Directions to 969 Gillespie Dr 985, Spring Valley, CA 91977

Home seller CENTURY 21 Affiliated

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Affiliated

(619) 593-4300
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading