$1,599,000
Est. $8,954/mo36871 Locust Street, Newark, CA 94560
About this home
Rare 15,000 Sq. Ft. Development Opportunity | 4 Large SFH Home Concept** Maximize your ROI with this massive lot in a prime East Bay growth zone. A preliminary planning application with city comments is available for review, featuring a layout for four spacious TWO STORY single-family homes (approx. 2,900+ sq. ft. each including 2-car garages). An incoming developer can continue with the existing plans or leverage the potential of new housing lawssuch as SB9 subdivision or high-density bonusesto further optimize the site. The property currently includes a move-in ready 1,003 sq. ft. 2BD/1.5BA home with hardwood floors and newer dual-pane windows, offering immediate rental income during the entitlement process. The expansive grounds are fully equipped with two separate driveways, a detached 2-car garage, and ample RV parking. Strategically located minutes from Meta, Tesla, and the Dumbarton Bridge (880/84), this is a high-upside play in a top-tier location near shopping, dining, and the National Wildlife Refuge trails. Buyer to verify all development paths and current zoning requirements with the city directly.
infoProperty Facts
Bedrooms
2
Bathrooms
2
Square Feet
1,003
Lot Size
15,000 sqft
Year Built
1951
Property Type
Single Family Residence
Days on Market
0
HOA Fee
N/A
Garage Total
2
MLS #
ML82036423
chairInterior Details
General Interior
Flooring
Wood
Kitchen & Appliances
Appliances
Dishwasher, Disposal, Vented Exhaust Fan
Climate Control
Heating
Floor Furnace
garageParking
Total Parking Spaces
2
Garage Spaces
2
deckExterior & Lot
Building & Construction
Roof
Composition, Shingle
Lot & Grounds
Sewer
Public Sewer
Water Source
Public
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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