6417/6433 Thornton AVE, Newark, CA 94560
6417/6433 Thornton AVE, Newark, CA 94560
6417/6433 Thornton AVE, Newark, CA 94560
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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Adan Alva • Stark Complete Real Estate Services, DRE#02158312
$3,140,000
Est. payment /mo
0.48 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential Development Land

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID ML82024594

Lot Size 0.482 Acres

Property Sub-Type Residential Development Land

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 Newark

Zoning RD-H

Exterior

Fence Wood, Fenced

Utilities Available Public Utilities

Present Use Residential,Single Family,Vacant

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public, Individual Water Meter

Others

Tax ID 092A-0919-021-02

Horse Property No

Special Listing Condition Not Applicable

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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

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6417/6433 Thornton AVE

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Josh Yoo.

As a Bay Area native and Top 1% real estate advisor, Josh brings local expertise, strategic guidance, and personal support to help you buy with confidence in a competitive market.