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36871 Locust Street Newark CA 94560
Price $ 1,599,000
Listing ID ML82036423
Status Active
Property Type Single Family Residence
County Alameda
Beds 2
Baths 1 Full  1 Half
House Size 1003
Year Built 1951
Days on website 35
Description
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.
Location
Financial Information
List Price: $ 1599000
Property Features
Appliances: Dishwasher, Disposal
Flooring: Wood
High School District: Other
Roof: Composition, Shingle
Water Source: Public
High School District: Other
MLS Area Major: 699 - Not Defined
City: Newark
Listed By:   Radha Rustagi   Keller Williams Thrive 
CA Lic#
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