Newark, CA 94560
$3,140,000
Bed
0
Bath
0
Living Space
N/A SqFt
Year Built
N/A
Lot Size
N/A
Days
30
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
- 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 6417/6433 Thornton Avenue, Newark, CA 94560, several parks offer recreational opportunities. These include Civic Center Park, which features play structures, a basketball court, and picnic facilities, and Mayhews Landing Park, also offering play structures and picnic areas. Jerry Raber Ash Street Park is another nearby option, providing play structures, softball fields, and a basketball court.
The property is located in Newark, California. This area is characterized by a mix of residential and commercial development, with a focus on community amenities. Local businesses include various dining options such as Round Table Pizza and Mexico Tortilla Factory, as well as retail establishments. The neighborhood offers access to parks and community centers, contributing to a family-friendly atmosphere.
This location has a Walk Score of 72 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. Transit options include several bus lines, such as the 200 Decoto - Newark Blvd. - Mowry, 620 Newark Jr. High - Cedar, and 629 Newark Memorial - Cherry - Haley, all with stops very close to the property. A Transit Score is not readily available.
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 6417/6433 Thornton Avenue, Newark, CA 94560, several parks offer recreational opportunities. These include Civic Center Park, which features play structures, a basketball court, and picnic facilities, and Mayhews Landing Park, also offering play structures and picnic areas. Jerry Raber Ash Street Park is another nearby option, providing play structures, softball fields, and a basketball court.
The property is located in Newark, California. This area is characterized by a mix of residential and commercial development, with a focus on community amenities. Local businesses include various dining options such as Round Table Pizza and Mexico Tortilla Factory, as well as retail establishments. The neighborhood offers access to parks and community centers, contributing to a family-friendly atmosphere.
This location has a Walk Score of 72 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. Transit options include several bus lines, such as the 200 Decoto - Newark Blvd. - Mowry, 620 Newark Jr. High - Cedar, and 629 Newark Memorial - Cherry - Haley, all with stops very close to the property. A Transit Score is not readily available.
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.