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Thornton Avenue, Newark, CA 94560

Newark
Local realty services provided by:CENTURY 21 Cornerstone
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 services408-224-5000
MLS#:ML82024594
Source:CRMLS

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...

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Home facts

  • Listing ID #:ML82024594
  • Added:227 day(s) ago
  • Updated:May 27, 2026 at 10:44 AM

Structure and exterior

  • Lot area:0.48 Acres
  • Lot Features:Level with Street

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,140,000
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