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78 Springs Rd
Vallejo, CA 94590 East Vallejo

$350,000 USD

Land For Sale  •  1.22 AC

Property Details

  • Property Type Land
  • Lot Size 1.22 AC
  • Zoning NMX
30 Transit Score
50 Walk Score

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.

Highlights

Reduced Risk Near Approved Status - Owner has completed nearly all architectural plans needed for approval rom City of Vallejo.
Seller Financing Available - With substantial down payment and approved credit
Tight Housing Supply - 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 requirements may temper max.

Public Transportation

AirportDriveWalkDistance
Metro Oakland International 47 min - 35.8 mi
San Francisco International 60 min - 43.4 mi
Davide Pio, CCIM 510-815-2000 BCRE
Davide Pio, CCIM 510-815-2000 BCRE