$3,200,000
37073 Locust ST Newark, CA 94560
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$3,200,000
Est. payment /mo
3,422 SqFt
Active
37073 Locust ST Newark, CA 94560
UPDATED:
10/09/2024 01:27 AM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,422 sqft
Price per Sqft $935
MLS Listing ID ML81982323
HOA Y/N No
Year Built 1988
Annual Tax Amount $16,079
Lot Size 7,501 Sqft
Acres 0.1722
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 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.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RL - Residential Low Dens
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Covered
Carport Spaces 3
View Y/N No
Roof Type Shingle
Accessibility Parking
Parking Type Covered
Total Parking Spaces 3
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 092012500901
Special Listing Condition Standard
Listed by Stephen Thaddeus Wawryk • KW Bay Area Estates
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