6417/6433 Thornton Ave, Newark, CA 94560
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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
Location
Full feature list
Basic info
- Property type
- Land
- Lot size (acres)
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Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLSListings (California) MLS®#: ML82024594 Last checked: …
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