78 Springs Rd, Vallejo, CA 94590
VALLEJO HILLS · Solano County
Key Facts
Description
Seller financing may be considered! 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.
Property Information
Property Type
Commercial Sale
Sub-Type
Unimproved Land
Lot Size
1.22 acres
Zoning
NMX
Days on Market
7
MLS® Listing#
41140629
Property Features
Lot Features
Utilities
Sewer
Financial Details
HOA
None
Parcel Number
0071061540
Affordability Calculator
$70,000
Estimated monthly payment
$1,863/mo
Principal $280,000 · Est. interest $390,625 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Vallejo, CA
- $543,802
- Median Listing Price
- 42
- Median Days on Market
- 1,518
- Median Sq Ft
- $345
- Median Price / Sq Ft
- 230
- Active Listings
- This home’s price is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Vallejo, CA.
Location
Points of Interest in Vallejo, CA
Showing the Vallejo area map.
Nearby Schools
Hogan Senior High School
Secondary · 0.2 mi away
Vallejo Charter School
Elementary · 0.3 mi away
Vallejo Adult School
School · 0.3 mi away
Elmer Cave Language Academy
School · 0.4 mi away
Annie Pennycook Elementary
Elementary · 0.4 mi away
Steffan Manor Elementary School
Elementary · 0.6 mi away
St Catherine of Siena School
Elementary · 0.7 mi away
North Hills Christian School
School · 1.0 mi away
Benjamin Franklin Middle School
Secondary · 1.0 mi away
Wardlaw Elementary School
Elementary · 1.1 mi away
Highland Elementary School
Elementary · 1.2 mi away
Jesse Bethel High School
Secondary · 1.3 mi away
Beverly Hills Elementary School
Elementary · 1.3 mi away
St Basil Catholic School
School · 1.3 mi away
St. Patrick - St. Vincent High School
Secondary · 1.4 mi away
Affording SPSV
School · 1.5 mi away
Vallejo Parent Nursery School
Elementary · 1.5 mi away
Aspire 2 Achieve
School · 1.6 mi away
Vallejo Junior High School
Secondary · 1.6 mi away
John Finney High School
Secondary · 1.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 516 Hichborn Street, Vallejo, CA | $245,000 | — | — | — |
| 516 Hichborn Street, Vallejo, CA | $245,000 | — | — | — |
| 1607 Landmark Drive, Vallejo, CA | $249,000 | — | — | — |
| 401 Lighthouse, Vallejo, CA | $269,000 | 2 | 2 | 918 |
| 401 Lighthouse, Vallejo, CA | $269,000 | 2 | 2 | 918 |
| 1333 N Camino Alto 248, Vallejo, CA | $273,800 | 3 | 2 | 980 |
Moving Cost Estimate
EXIT Agents in Vallejo
Listing Courtesy: BCRE - 5102220900
Presented by: Davide Pio
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.