Newark, CA 94560
$3,140,000
Bed
0
Bath
0
Living Space
N/A SqFt
Year Built
N/A
Lot Size
0.48 Acres
Days
367
This sale includes 6417 & 6433 Thornton Ave in Newarks Old Town Specific Plan area, offering 21,000 SF of land ready for high-impact development. Together, the parcels can support 100+ residential units under Californias Density Bonus Law and qualify for streamlined city approvals. The site is also eligible for $20M+ in state and local housing grants and low-interest financing for affordable or mixed-income projects. Next door, a 59-unit affordable housing development is underway, funded by a $12M city grant, showcasing Newarks strong commitment to housing growth. Investors and developers are encouraged to take advantage of this rare opportunity to deliver a transformative project in one of the Bay Areas most supportive housing markets. Seller Financing Available, Up to 50% at 7.5% (5-Year Term) Flexible capital structure ideal for developers and value-add buyers. Seller Financing Highlights: Seller will finance up to 50% of purchase price 7.5% interest, fixed 5-year term with balloon payment Fast closing no bank approval needed Ideal for entitlement phase, early-stage development, or land banking
Listing provided courtesy ofAdan Alva License 02158312 Stark Complete Real Estate Services, Tiffany Meng License 02128961 SALA Homes Realty & Development
Data provided by MLSListings Inc.
No similar listings found
- James A. Graham Elementary School (Elementary) - GreatSchools rating 4/10 - Newark Junior High School (Middle) - GreatSchools rating 7/10 - Newark Memorial High School (High) - GreatSchools rating 6/10 School District: Newark Unified School District
Within a 1-2 mile radius of the property, several parks are available. These include Civic Center Park, which features play structures, a basketball court, and picnic facilities. Mayhews Landing Park offers play structures and picnic areas, and Jerry Raber Ash Street Park is also nearby. Newark Community Park, located on Cedar Boulevard, is a 17-acre park with two playgrounds, picnic areas, and sports facilities.
The property is located in Newark, CA. This area is described as having a strong commitment to housing growth, with new developments underway and eligibility for housing grants. The neighborhood is situated in the Newark Old Town Specific Plan area, which is intended for high-impact development.
The area has a Walk Score of 75/100 and a Transit Score of 30/100. Nearby transit options include bus routes at Sycamore St & Thornton Ave, and commuter rail service from Fremont-Centerville. Some errands can be accomplished on foot.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- James A. Graham Elementary School (Elementary) - GreatSchools rating 4/10 - Newark Junior High School (Middle) - GreatSchools rating 7/10 - Newark Memorial High School (High) - GreatSchools rating 6/10 School District: Newark Unified School District
Within a 1-2 mile radius of the property, several parks are available. These include Civic Center Park, which features play structures, a basketball court, and picnic facilities. Mayhews Landing Park offers play structures and picnic areas, and Jerry Raber Ash Street Park is also nearby. Newark Community Park, located on Cedar Boulevard, is a 17-acre park with two playgrounds, picnic areas, and sports facilities.
The property is located in Newark, CA. This area is described as having a strong commitment to housing growth, with new developments underway and eligibility for housing grants. The neighborhood is situated in the Newark Old Town Specific Plan area, which is intended for high-impact development.
The area has a Walk Score of 75/100 and a Transit Score of 30/100. Nearby transit options include bus routes at Sycamore St & Thornton Ave, and commuter rail service from Fremont-Centerville. Some errands can be accomplished on foot.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.