6417/6433 Thornton Avenue, Newark, CA 94560
Local realty services provided by:CENTURY 21 Masters
6417/6433 Thornton Avenue,Newark, CA 94560
$3,140,000
- 0.48 Acres
- Lots / Land
- Active
Listed by: adan alva, tiffany meng
Office: stark complete real estate services
MLS#:ML82024594
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$3,140,000
About this home
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...
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Home facts
- Listing ID #:ML82024594
- Added:285 day(s) ago
- Updated:July 24, 2026 at 01:38 PM
Structure and exterior
- Lot area:0.48 Acres
- Lot Features:Level
Utilities
- Water:Public
Finances and disclosures
- Price:$3,140,000
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