CA > Newark
Newark, CA 94560,Thornton AVE
Newark, CA 94560,Thornton AVE
Newark, CA 94560,Thornton AVE
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$3,480,000
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Price Dropped by $400K

Thornton AVE Newark, CA 94560

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82024594

HOA Y/N No

Property Description

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

Location

State CA

County Alameda

Area 699 - Not Defined

Zoning RD-H

Interior

Fireplace No

Exterior

Fence Wood

View Y/N No

Present Use Residential,Single Family

Building

Lot Description Level

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 092A091902102

Special Listing Condition Standard

CRMLS – RECore
Listed by Adan Alva Keller Williams Thrive

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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