6417 Thornton Ave

Newark CA 94560

20995 sq. ft.

Land

Currently for sale - view listing

Overview

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

Features

20995 sq. ft. lot size

Land

Property history for 6417 Thornton Ave

2018

Sold

$1,005,000

30 Jul 2018 by Maria Bolte, of RE/MAX ACTIVE REALTY

2018

Sold

$1,005,000

30 Jul 2018 by Maria Bolte, of RE/MAX ACTIVE REALTY

2018

Sold

Undisclosed

24 Jul 2018

Happy sellers in Newark

We have insufficient information to provide an overview of customer satisfaction for Newark. Viewing the agent profiles, reviews and sales for Newark can provide insights for this location.