969 Gillespie Dr, Spring Valley, CA 91977
Local realty services provided by:ERA North Orange County Real Estate
969 Gillespie Dr,Spring Valley, CA 91977
$1,795,000
- 0 Acres
- Lots / Land
- Pending
Listed by:jeff kane
Office:coldwell banker west
MLS#:NDP2506916
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,795,000
About this home
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.
Contact an agent
Home facts
- Listing ID #:NDP2506916
- Added:71 day(s) ago
- Updated:October 05, 2025 at 07:35 AM
Finances and disclosures
- Price:$1,795,000
New listings near 969 Gillespie Dr
- Open Sun, 1 to 3pmNew$429,900Active2 beds 2 baths1,050 sq. ft.
9210 Kenwood Dr. #L, Spring Valley, CA 91977
MLS# 250040854SDListed by: ABACUS PROPERTIES INC. - Open Sun, 10am to 1pmNew$869,000Active3 beds 2 baths1,444 sq. ft.
4025 Conrad Dr, Spring Valley, CA 91977
MLS# PTP2507558Listed by: REAL BROKER - Open Sun, 11am to 2pmNew$575,000Active3 beds 2 baths1,280 sq. ft.
8233 Warmwood Ave, Spring Valley, CA 91977
MLS# 250040778SDListed by: REAL BROKER - Open Sun, 11am to 2pmNew$575,000Active3 beds 2 baths1,280 sq. ft.
8233 Warmwood Ave, Spring Valley, CA 91977
MLS# 250040778SDListed by: REAL BROKER - Open Sun, 11am to 2pmNew$575,000Active3 beds 2 baths1,280 sq. ft.
8233 Warmwood Ave, Spring Valley, CA 91977
MLS# 250040778Listed by: REAL BROKER - New$767,777Active3 beds 2 baths1,331 sq. ft.
8463 Paseo Iglesia, Spring Valley, CA 91977
MLS# 250040771Listed by: CYPRESS REALTY & MORTGAGE - New$495,000Active2 beds 2 baths799 sq. ft.
2916 Alanwood Court, Spring Valley, CA 91978
MLS# PTP2507502Listed by: LPT REALTY, INC. - New$495,000Active2 beds 2 baths799 sq. ft.
2916 Alanwood Court, Spring Valley, CA 91978
MLS# PTP2507502Listed by: LPT REALTY, INC. - Open Sun, 11am to 1pmNew$870,000Active5 beds 2 baths2,018 sq. ft.
10021 Sierra Bonita, Spring Valley, CA 91977
MLS# 250040550Listed by: INGRESS REALTY - Open Sun, 1 to 4pmNew$849,900Active4 beds 2 baths2,228 sq. ft.
8603 Eileen St, Spring Valley, CA 91977
MLS# 250040551Listed by: PREMIER AGENCY REAL ESTATE INC.