Development Land in Newark's Old
For Sale
$3,140,000
Pending
6417/6433 Thornton Avenue, Newark, CA 94560
21,000 SF land parcel suitable for high-density residential development.
Property Size20,995 SF
Lot Size0.48 Acres
Days on Market349
Property Features for 6417/6433 Thornton Avenue
General Information
Standard status
Pending
Size
20,995 SF
Lot size
0.48 Acres
Property subtype
Lots/Land
Listing Agency:
Stark Complete Real Estate Services
Listed By:
Adan Alva · License #02158312
(408) 903-8112
Source:
Exitrealty
Added: Oct 12, 2025
Changed: Sep 9
Last Checked: Sep 15 at 4:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stark Complete Real Estate Services
Investment Insights
Based on property information with market context.
The sale encompasses two parcels, 6417 and 6433 Thornton Avenue, situated within the Old Town Specific Plan area of Newark. The combined area of the parcels is 21,000 square feet, presenting a development opportunity. The site is suitable for the construction of over 100 residential units, potentially benefiting from California's Density Bonus Law and streamlined city approvals. The location may qualify for over $20 million in state and local housing grants, along with low-interest financing options for affordable or mixed-income projects. A 59-unit affordable housing development, funded by a $12 million city grant, is currently under construction next door, indicating local support for housing initiatives. Seller financing is available, covering up to 50% of the purchase price at a fixed interest rate of 7.5% for a 5-year term with a balloon payment. This financing structure is designed to facilitate fast closing without requiring bank approval, making it suitable for entitlement phases, early-stage development, or land banking.
Key Highlights
- 21,000 SF of land in Newark's Old Town Specific Plan area, ready for high‑impact development.
- Potential to build 100+ residential units under California's Density Bonus Law.
- Eligible for $20M+ in state and local housing grants and low‑interest financing.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
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Demographics for 94560, CA
47,533
Population
15,897
Households
3
Avg Household Size
37
Median Age
47%
College-Educated
90%
High-School Grad
20.1 sq mi
ZIP Area
2,365
Density / Sq Mi
$164,909
Median Household Income
$73,859
Median Earnings
$2,730
Median Rent
$1,094,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 21,000 SF land parcel suitable for high-density residential development.
Where is this residential land & home lot located?
The property is located at 6417/6433 Thornton Avenue Newark, CA.
What is the asking price?
The asking price for this property is $3,140,000.
What are key features of this property?
This property features: 21,000 SF of land in Newark's Old Town Specific Plan area, ready for high‑impact development.; Potential to build 100+ residential units under California's Density Bonus Law.; Eligible for $20M+ in state and local housing grants and low‑interest financing.
