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78 Springs Rd - Core 30 Unit w Nearly Complete Entitlements Lot • Terrain commercial • 1,22 Acres • 497 245 $ CAD • Vallejo, CA 94590



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Faits saillants de l'investissement
- 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.
Résumé de l'annonce
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.
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 497 245 $ CAD | Taille du lot | 1,22 AC |
| Prix par AC | 407 577,86 $ CAD |
| Prix | 497 245 $ CAD |
| Prix par AC | 407 577,86 $ CAD |
| Taille du lot | 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.
1 1
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 0071-061-540 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 289 823 $ CAD | Évaluation totale | 289 823 $ CAD |
Impôts fonciers
Numéro de lot
0071-061-540
Évaluation du terrain
289 823 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
289 823 $ CAD
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78 Springs Rd - Core 30 Unit w Nearly Complete Entitlements
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