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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON JUL 20 2025 AT 12:10 PM.

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969 985 Gillespie Dr

spring valley, CA 91977

$1,795,000

    INTERESTED? LET'S CONNECT

    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.

    Details

    1.99 Private Acres Exterior Space

    Land

    MLS/Listing ID NDP2506916

    Amenities & Features

    Community - Suburban

    Lot - Level

    Lot - Value In Land

    Panoramic View

    Neighborhood View

    Listing Courtesy of COLDWELL BANKER WEST, JEFF KANE - 760-518-4900

    CRMLS

    Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE

    Interested in 969 985 Gillespie Dr?