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78 Springs Rd - Core 30 Unit w Nearly Complete Entitlements 1.22 Acres of Commercial Land Offered at $497,291 CAD in Vallejo, CA 94590
Investment Highlights
- Reduced Risk Near Approved Status - Owner has completed nearly all architectural plans needed for approval rom City of Vallejo.
- Tight Housing Supply - Short supply of housing across the North Bay, positions the completed project well for strong lease-up and long-term returns.
- Seller Financing Available - With substantial down payment and approved credit
- AB 1286 Bonus Density Potential - Potential for up to 73 units using California’s AB 1286 Bonus Density, though economics requirements may temper max.
Executive Summary
Seller financing considered! Davide F. Pio of BCRE is proud to present the land development opportunity at 78 Springs Rd in Vallejo, CA for sale. With architectural drawings completed and entitlements for a 30-unit apartment nearly in hand, the project presents an excellent opportunity for a developer to bypass a significant portion of the soft costs and time typically associated with the high barrier to entry that exists throughout the San Francisco Bay Area.
The ±1.22 acre site is has completed drawings for 30 apartment units
comprising of 18 (1 Bedroom) and 12 (2 Bedrooms) with 41 parking spaces. Expected to be CEQA exempt and with an estimated six (6) month approval process to complete approved status w the City of Vallejo before moving to MEP (Mechanical, Electrical, and Plumbing) drawings.
California’s AB 1286 further allows developers up to 100% bonus density, offering flexibility to proceed with the project as drawn or pursue additional units for a potentially higher-yielding outcome. Buyer to confirm all density bonus eligibility and allowable uses with the City of Vallejo.
Situated in an established retail corridor, the property benefits from immediate proximity to shopping, services, and daily conveniences — a natural draw for prospective renters. Highway 80 access nearby connects the site to the broader Bay Area, including Richmond, Berkeley, Oakland, and San Francisco.
The ±1.22 acre site is has completed drawings for 30 apartment units
comprising of 18 (1 Bedroom) and 12 (2 Bedrooms) with 41 parking spaces. Expected to be CEQA exempt and with an estimated six (6) month approval process to complete approved status w the City of Vallejo before moving to MEP (Mechanical, Electrical, and Plumbing) drawings.
California’s AB 1286 further allows developers up to 100% bonus density, offering flexibility to proceed with the project as drawn or pursue additional units for a potentially higher-yielding outcome. Buyer to confirm all density bonus eligibility and allowable uses with the City of Vallejo.
Situated in an established retail corridor, the property benefits from immediate proximity to shopping, services, and daily conveniences — a natural draw for prospective renters. Highway 80 access nearby connects the site to the broader Bay Area, including Richmond, Berkeley, Oakland, and San Francisco.
Property Facts
1 Lot Available
Lot
| Price | $497,291 CAD | Lot Size | 1.22 AC |
| Price Per AC | $407,615.17 CAD |
| Price | $497,291 CAD |
| Price Per AC | $407,615.17 CAD |
| Lot Size | 1.22 AC |
±1.22 Acres (±53,143 Sq. Ft.)
Description
The ±1.22 acre site is has completed drawings for 30 apartment units comprising of 18 (1 Bedroom) and 12 (2 Bedrooms) with 41 parking spaces. Expected to be CEQA exempt and with an estimated six (6) month approval process to complete approved status w the City of Vallejo before moving to MEP (Mechanical, Electrical, and Plumbing) drawings.
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0071-061-540 | Improvements Assessment | $0 CAD |
| Land Assessment | $289,823 CAD | Total Assessment | $289,823 CAD |
Property Taxes
Parcel Number
0071-061-540
Land Assessment
$289,823 CAD
Improvements Assessment
$0 CAD
Total Assessment
$289,823 CAD
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78 Springs Rd - Core 30 Unit w Nearly Complete Entitlements
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