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
Lot/land
$3,880,000
6417/6433 Thornton Ave, Newark, CA 94560
--beds
--baths
0.48Acres
Residential Development Land
Built in ----
0.48 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 40 days |
- 23 |
- 0 |
- Loading