- $3.9M Price
- .48 Acres
- 41 DOM
Thornton Avenue
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
Essential Information
- MLS® #ML82024594
- Price$3,880,000
- Bathrooms0.00
- Acres0.48
- TypeLand
- StatusActive
Community Information
- AddressThornton Avenue
- Area699 - Not Defined
- CityNewark
- CountyAlameda
- Zip Code94560
Exterior
- Lot DescriptionLevel
School Information
- DistrictOther
Additional Information
- Date ListedOctober 11th, 2025
- Days on Market41
- ZoningRD-H
Listing Details
- AgentAdan Alva
- OfficeKeller Williams Thrive
Adan Alva, Keller Williams Thrive.
Based on information from California Regional Multiple Listing Service, Inc. as of November 21st, 2025 at 2:55am PST. 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.