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34231503
34231505

78 Springs Road, Vallejo, CA 94590

DP
CA 01522969
Baniqued Commercial Real Estate
Listed by Baniqued Commercial Real Estate
$350,000
7 days on market
Updated 6 days ago
Opportunity zone

Core 30 Unit w Nearly Complete Entitlements

Details
Property Type Multifamily
Sub Type Apartment Building
Units 30
Acreage 1.220
Zoning NMX
Parking Spaces 41 spaces

Seller Financing Considered.​! Core 30 Unit w Nearly Complete Entitlements

Marketing description

Seller financing may be 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.

Investment highlights

Reduced Risk Near Approved Status - Owner has completed nearly all architectural plans needed for approval from City of Vallejo. Estimated six (6) months to obtain final approval.

Seller Financing Available - Seller financing is available with substantial down payment.

Tight Housing Supply - The consistent short supply of housing across the North Bay, positions the completed project well for strong lease-up and long-term returns.

AB 1286 Bonus Density Potential - Potential for up to 73 units using California’s AB 1286 Bonus Density, though economics and parking requirements may effectively lower feasibility.

Listing Contacts

DP
CA 01522969
Baniqued Commercial Real Estate
Listed by Baniqued Commercial Real Estate

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Zoning

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NMX MixedMixed UseNeighborhood Mixed Use
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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