37073 Locust Street

Newark, CA 94560

$3,200,000

List Price

N/A

bed Beds

shower Baths

3,422 sqft

straighten / sqft

1988

calendar_month Built

Property Description

Triplex + Large Developable Lot. Discover a prime investment at 37073 Locust St - a triplex consisting of the unit mix: 3 Bedroom / 1.5 Bath townhome style units with 2 stories and a backyard area. Then the adjacent large developable lot located at 7843 Railroad Ave has a soon-to-be approved site plan for a 6-Townhome Community that will prove beneficial for both your immediate financial goals and long-term vision. Situated on a rare 18,750 SqFt Large Lot, this property is zoned Residential Low Density (RL), allowing for up to 15 units per acre. Priced competitively at under $235,000 per unit, there's also the option to entitle 6 single-family homes. Conveniently located just a 12-minute drive from Meta Headquarters over the Dumbarton Bridge, both investment properties are close to major employers and popular amenities, making them ideal for multiple rental properties, build to sell units, or to be used as a family compound. Buyer to verify current zoning/building requirements/restrictions with City of Newark building dept.

Listing Information

List Price $3,200,000
Status Active
MLS ML81982323
Type Residential Income
Subtype Mixed Use
Year Built 1988
Lot Size 7,500
Structure Size 3,422
DOM 1
Courtesy Of KW Bay Area Estates
Listing Agent Stephen Thaddeus Wawryk DRE#02140544
Co-Listing Agent Danielle Davenport DRE#00954910

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Stephen Thaddeus Wawryk, Danielle Davenport, KW Bay Area Estates . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 2nd, 2024 at 7:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.