Home | Alameda County | Newark | 94560 | 6417/6433 Thornton Ave
MLS: ML82024594 | Status: Active | Price: $3,140,000
Beds/Baths: – / –
Property Type: Land
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 0.482 | – |
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
| Field | Value |
|---|---|
| MLS # | ML82024594 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 194 |
| Feature | Details |
|---|---|
| Elementary District | Newark Unified |
| High School District | Newark Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | RD-H |
| Feature | Details |
|---|---|
| Development Status | Improvements - None |
| Existing Structures | MiscellaneousStructures, Residence |
| Fencing | Wood |
| Lot Description | Grade - Level |
| Present Use | Residential |
| Utilities | Public Utilities, Public Utilities, Water - Public |
| Listing Agent | Co-Listing Agent |
|---|---|
| Adan Alva | Tiffany Meng |
| Stark Complete Real Estate Services | SALA Homes Realty & Development |
| License #: 02158312 | License #: 02128961 |
| Phone: (408) 903-8112 | Phone: (510) 789-7920 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of March 21, 2026. For the most current information, please contact Adan Alva, (408) 903-8112.