For Sale178d on market
6417/6433 Thornton Ave
Newark, CA, 94560 • 94560 • Alameda County
$3,140,000
-$150,000 since Mar 6, 2026
0.48 acLot
Property DNA
Special Features
MiscellaneousStructures · Residence
Market activity
Demand and pricing signals for this listing
161 views
People checking out this listing
5 saves
Buyers have saved this home
178 days on market
Established listing
About this home
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
Estimated monthly payment
Based on current rates
$19,773/month
Principal & Interest$15,586
Property Tax$3,140
Insurance$1,047
Down payment20% ($628,000)
3%50%
Est. 6.32% rate · 30yr fixed · $2,512,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeResidential Development Land, Unimproved Land
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
FencingWood
Lot0.48 Acres
Location & Tax
Neighborhood94560
ZoningRD-H
Parcel092A091902102
Features & details
4 categories of property features
Exterior Features
Lot Features
Level
Utilities
Public Utilities
Water Public
Gas
PublicUtilities
Other Structures
MiscellaneousStructures
Residence
Listing insights
Market data and value estimates
StatusFor Sale
Days on market178
Tax rate1.22%
On marketOct 11, 2025
PostedOct 12, 2025
MLS updatedMar 20, 2026
Tour days6
Views161
Favorites5
How are the schools in Newark?
3 schools rated nearby
Location
Newark, CA, 94560
Price history
4 events
DateEventPrice$/sqftSource
Mar 6, 2026Price Change$3,140,000—MLSListings Inc
Feb 21, 2026Price Change$3,290,000—MLSListings Inc
Nov 26, 2025Price Change$3,480,000—MLSListings Inc
Oct 12, 2025Listed For Sale$3,880,000—MLSListings Inc
Price Change$3,140,000
Mar 6, 2026•MLSListings Inc
Price Change$3,290,000
Feb 21, 2026•MLSListings Inc
Price Change$3,480,000
Nov 26, 2025•MLSListings Inc
Listed For Sale$3,880,000
Oct 12, 2025•MLSListings Inc
Nearby homes
Neighborhood details
Local context around this listing
Newark, CA • Alameda County
Nearby cities
AlamedaBerkeleyDublinFremontHaywardLivermoreOaklandPleasanton
Nearby zip codes
94560
Similar homes
Based on information from the MLSListings MLS as of 2026-04-08 02:01:39 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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