6417/6433 Thornton Ave Newark, CA 94560
Newark AreaEstimated payment $20,398/month
Highlights
- 0.48 Acre Lot
- Wood Fence
- Level Lot
About This Lot
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
Property Details
Property Type
- Land
Lot Details
- 20,996 Sq Ft Lot
- Wood Fence
- Level Lot
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/27/2026 07/27/26 | Pending | -- | -- | -- |
| 05/01/2026 05/01/26 | For Sale | $3,140,000 | 0.0% | -- |
| 05/01/2026 05/01/26 | Off Market | $3,140,000 | -- | -- |
| 03/06/2026 03/06/26 | Price Changed | $3,140,000 | -4.6% | -- |
| 02/21/2026 02/21/26 | Price Changed | $3,290,000 | -5.5% | -- |
| 11/25/2025 11/25/25 | Price Changed | $3,480,000 | -10.3% | -- |
| 10/11/2025 10/11/25 | For Sale | $3,880,000 | -- | -- |
Source: MLSListings
MLS Number: ML82024594
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