37073 Locust Street
Newark, CA 94560
Active for $3,200,000
Beds: N/A Baths: Structure Size: 3,422 sqft Lot Size: 7,500 sqft
MLS | ML81982323 |
Year Built | 1988 |
Property Type | Mixed Use |
County | Alameda |
Status | Active |
Active | $3,200,000 |
Structure Size | 3,422 sqft |
Lot Size | 7,500 sqft |
Beds | N/A |
Baths |
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 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 courtesy of: Stephen Thaddeus Wawryk, KW Bay Area Estates . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 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.