Active

Thornton Avenue

Newark, CA 94560

$3,140,000 $13,238/Mo

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Overview

20,995.92

Sqft(Lot)

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-Y ear 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

Property Details

Property Type : Land

Price : $3,140,000

AD Id : 67485836

MLS Id : ML82024594

Lot Size : 20,995.92 Sqft(Lot)

County : Alameda

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer

Fencing

Wood

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.482
Lot Size Source: Other Lot Size Square Feet: 20995.92

Listing Price Information

Original List Price: 3,140,000 Listing Contract Date: 2025-10-11
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 092A091902102

Other Property Info

Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: This listing includes 2 parcel numbers sold together, 6417 and 6433 Thornton Ave. Seller Financing Available, Up to 50% at 7.5% (5-Year Term) Flexible capital structure ideal for developers and value-add buyers. Zoning: RD-H Source Property Type: Land Area: 699 - Not Defined

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ByOwner last updated this listing 06/06/2026 @ 06:45

MLS: ML82024594 LISTED BY: Adan Alva, Stark Complete Real Estate Services 408-224-5000 SOURCE: CRMLS