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1629 Valle Vista Ave, Vallejo

Six unit townhouse style multifamily in Vallejo. Six renovated 2BR/1.5BA townhouse units, each with two balconies, in a two story 1968 building on a 6,969 SF lot (5,163 SF). Six deeded parking spaces plus additional shared lot parking as part of an HOA with shared facilities. Separately metered gas and electric, common laundry, granite countertops. Recent capital work: electrical upgrades and sewer lateral replacement (2024), balcony upgrades (2026); SB-721 compliant. In place rents average $1,955 against $2,250 market, roughly 15% upside. 6.57% cap rate, 9.20 GRM, $215,833 per unit. No local rent control. Quick access to I-80, about a mile from Six Flags and Kaiser Vallejo, 2.5 miles to the Vallejo Ferry.

Six unit townhouse style multifamily in Vallejo. Six renovated 2BR/1.5BA townhouse units, each with two balconies, in a two story 1968 building on a 6,969 SF lot (5,163 SF). Six deeded parking spaces plus additional shared lot parking as part of an HOA with shared facilities. Separately metered gas and electric, common laundry, granite countertops. Recent capital work: electrical upgrades and sewer lateral replacement (2024), balcony upgrades (2026); SB-721 compliant. In place rents average $1,955 against $2,250 market, roughly 15% upside. 6.57% cap rate, 9.20 GRM, $215,833 per unit. No local rent control. Quick access to I-80, about a mile from Six Flags and Kaiser Vallejo, 2.5 miles to the Vallejo Ferry.

1629 Valle Vista Ave, Vallejo

Listing courtesy of Willem Bos from COMPASS. 916-698-9954

78 Springs Rd, Vallejo

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.

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.

78 Springs Rd, Vallejo

Listing courtesy of Davide Pio from BCRE. 510-815-2000

Bay East © 2026. CCAR © 2026. BridgeMLS © 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on:

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