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+… Read More 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 Read Less
Courtesy of Stark Complete Real Estate Services, Adan Alva 408-903-8112
Listing Snapshot
Days Online
174
Last Updated
Property Type
Residential Development Land
Lot Size
0.48 Acres
MLS Number
ML82024594
30 Days Snapshot Of 94560
$1.43M
+6%
(avg) sold price
9
-10%
homes sold
26
+62%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 20995.92, Max Area Units: Square Feet, 0.482 lot acres, Grade - Level
Property Access
City Street, State Road
Property
Zoning: RD-H, Present use: Residential, Single Family, Vacant
Fence
Wood, Fenced
Water Features
Public, Individual Water Meter
Utilities
Public Utilities
Sewer
Sewer - Public
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