Newark, CA 94560,6417/6433 Thornton AVE
Newark, CA 94560,6417/6433 Thornton AVE
Newark, CA 94560,6417/6433 Thornton AVE
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Eric Chu

Eric Chu

+1(650) 922-7449
Listed by Adan Alva • Stark Complete Real Estate Services
$3,480,000
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 Active

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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Nearby Schools and Businesses

SCHOOLS PROPERTIES
Elementary Schools 20
  • 9

    Delaine Eastin Elementary School

    Public | KG - 5

  • 9

    Forest Park Elementary

    Public | KG - 6

  • 8

    Ardenwood Elementary

    Public | KG - 6

  • 8

    Lincoln Elementary

    Public | KG - 6

  • 8

    Warwick Elementary

    Public | KG - 6

  • 8

    Azevada Elementary

    Public | KG - 6

  • 7

    Oliveira Elementary

    Public | KG - 6

  • 7

    Brookvale Elementary

    Public | KG - 6

  • 7

    Glenmoor Elementary

    Public | KG - 6

  • 7

    Maloney Elementary

    Public | KG - 6

  • 6

    John F. Kennedy Elementary

    Public | KG - 6

  • 6

    Patterson Elementary

    Public | KG - 6

  • 6

    Cabrillo Elementary

    Public | KG - 6

  • 6

    Birch Grove Intermediate

    Public | 3 - 6

  • 6

    Mattos Elementary

    Public | KG - 6

  • 5

    Pioneer Elementary School

    Public | KG - 5

  • 5

    E. L. Musick Elementary

    Public | KG - 6

  • 5

    Circle of Independent Learning

    Public | KG - 12

  • 4

    Snow Elementary

    Public | KG - 6

  • 4

    Fame Public Charter

    Public | KG - 12

Middle Schools 3
  • 8

    Thornton Junior High

    Public | 7 - 8

  • 7

    Centerville Junior High

    Public | 7 - 8

  • 0

    Newark Junior High School

    Public | 6 - 8

High Schools 5
  • 10

    American High School

    Public | 9 - 12

  • 8

    Washington High School

    Public | 9 - 12

  • 0

    Bridgepoint High (Continuation)

    Public | 9 - 12

  • 0

    Newark Memorial High School

    Public | 9 - 12

  • 0

    Young Adult Program

    Public | 9 - 12

School and business data provided by Attom Data.
Eric Chu
Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

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6417/6433 Thornton AVE