37073 Locust St Newark, CA 94560

This 2-story, 3,422 square foot triplex located at 37073 Locust St, Newark, CA 94560, presents a compelling investment opportunity. Built in 1988 and renovated in 2014, the property features three 3-bedroom, 1.5-bathroom townhome-style units, each boasting updated kitchens with new countertops, renovated bathrooms with new tile, and laminate flooring throughout. Situated on a 7,500 square foot lot (APN 092-0125-009-01) in a Residential Low Density (RL) zone, this property offers significant upside potential due to currently low rents compared to the Newark market average of $3,000 for similar units. The property's convenient location, a short 12-minute drive from Meta Headquarters via the Dumbarton Bridge, ensures strong tenant demand and proximity to major employers and amenities. This triplex is also available for sale as a package with a separate large developable lot at 7843 Railroad Ave. This is an exceptional opportunity for investors seeking immediate income and long-term growth in a thriving California market.