±23,000 SF Development Lot | Vista
Land | 0.53 acres
Marketing description
1570 N Santa Fe Avenue presents a rare opportunity to acquire a previously entitled multifamily development site within Vista's rapidly evolving North Santa Fe corridor. The property was formerly controlled by a developer through a lease-option structure who successfully advanced and obtained approvals for a 33-unit residential project; however, the developer ultimately did not exercise their option to purchase the property. As a result, ownership is now bringing the site to market as a development opportunity with a proven entitlement path already established.
While the previously approved project plans are no longer in the possession of ownership, the site was entitled for a thoughtfully designed 33-unit podium-style development consisting of (3) studio units, (27) one-bedroom/one-bathroom units, and (3) two-bedroom/one-bathroom units. The prior approvals demonstrate the site's strong development potential and provide future developers valuable insight into the project scale, density, and design previously supported by the City.
Located within the M-U (40) zoning designation and benefiting from the North Santa Fe Overlay, the ±23,307 SF (0.53-acre) site offers favorable multifamily development fundamentals in one of North County San Diego's emerging infill growth corridors. The surrounding area continues to experience significant public and private investment driven by transit accessibility, expanding retail amenities, and Vista's ongoing revitalization efforts.
This offering provides developers and investors the ability to capitalize on a site with demonstrated entitlement viability while pursuing a refreshed vision tailored to today's market conditions and housing demand. The combination of zoning flexibility, prior project approvals, and strategic location positions 1570 N Santa Fe Avenue as a compelling urban infill development opportunity within the North County multifamily market.
Investment highlights
- Previously Approved 4-story multifamily development with no commercial
- 27 one-bedrooms, 3 studios, and 3 two-bedrooms
- 35 on-site spaces (covered + uncovered) with integrated ground-level parking
- Includes roof deck, private decks, coworking space, dog run, and lobby
- Previously Approved Plans
- Efficient Unit Mix
- Podium-Style Design with Parking
- Amenity-Rich Infill Development
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