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Thornton Avenue , Newark, CA 94560
$3,140,000
Est. Payment: $15,856.08/mo
0 Bed
0 Bath
0 Sqft
Status: active with contingency | Days on site: 283
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House 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
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Highlights

Listed by Adan Alva , 408-903-8112 and Tiffany Meng , 510-789-7920 Stark Complete Real Estate Services , (408) 224-5000. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land
Lot/Acreage
0.48

County

Alameda

Area

699 - Not Defined

 School District

Other

Listing ID

ML82024594

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Other:Public

Exterior Features

Lot:Level,No Land Lease
Garage Capacity:0
Zoning:RD-H
Sewer:Public Sewer
Principal Interest
$15,856
Taxes
$2,002

Home Price

$3,140,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$628,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,856.08

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,856.08 $2,001.75 $0.00 $17,857.83
Yearly $190,272.94 $24,021.00 $0.00 $214,293.94
Total $5,708,188.30 $720,630.00 $0.00 $6,428,818.30

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Newark, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-10T18:36:54.000Z

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