About 6417/6433 Thornton Ave
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 of 6417/6433 Thornton Ave
| MLS® # | ML82024594 |
|---|---|
| Price | $3,480,000 |
| Acres | 0.48 |
| Type | Residential Lots and Land |
| Sub-Type | Residential Development Land |
| Status | Active |
Community Information
| Address | 6417/6433 Thornton Ave |
|---|---|
| Area | Newark |
| City | Newark |
| County | Alameda |
| State | CA |
| Zip Code | 94560 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Grade - Level |
|---|
Additional Information
| Zoning | RD-H |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Adan Alva |
|---|---|
| Office | Stark Complete Real Estate Services |
| Contact Info | 408-903-8112 |