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Listed by: Adan Alva (408) 903-8112 DRE #02158312, Tiffany Meng DRE #02128961 | Stark Complete Real Estate Services (408) 224-5000
$3,140,000
Monthly Est:$15,629
-- Bed
-- Bath
20,995.92sqft lot
Thornton Ave, Newark, CA 94560
$3,140,000
$15,629/moEst:
Get Pre-Approved
Land
Built in -
$-- HOA
20,995.92 sqft lot
$150/sq.ft
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
- Houzeo last checked: 6 hours ago
- Listing updated: October 8, 2026 at 7:23 am
- Source: California Regional MLS-CA | MLS#: ML82024594
Property Details
Status
Active Under Contract
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
20,995.92 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
ML82024594
MLS Status
ActiveUnderContract
Days on Market
361
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Level
Price History
| Date | Event | Price |
|---|---|---|
07/26/2026 Source: | Contingent (Active Under Contract) | $3,140,000 $0/sqft |
03/06/2026 Source: | Price Decreased | $3,140,000 -4.56% $0/sqft |
02/21/2026 Source: | Price Increased | $3,290,000 +4.78% $0/sqft |
10/11/2025 Source: | Off Market | $3,140,000 -4.56% $0/sqft |
10/11/2025 Source: | Listed for Sale | $3,290,000 -15.21% $0/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 11:00AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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