CA > Newark
Newark, CA 94560,6417/6433 Thornton Avenue
Newark, CA 94560,6417/6433 Thornton Avenue
Newark, CA 94560,6417/6433 Thornton Avenue
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$3,480,000
Est. payment /mo
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20,995 SqFt
Active

6417/6433 Thornton Avenue Newark, CA 94560

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 20,995 sqft

Price per Sqft $165

MLS Listing ID ML82024594

HOA Y/N No

Lot Size 0.482 Acres

Property Sub-Type Unimproved Land

Source Datashare MLSListings

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

Interior

Fireplace No

Building

Lot Description Level

Schools

School District Newark (510) 794-2141, Newark (510) 794-2141

Bay East Association of Realtors
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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