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.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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3,422SQFT
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$935$/SQFT
School Ratings & Info
Listing provided courtesy of Stephen Thaddeus Wawryk of KW Bay Area Estates: 415-347-1658.
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.
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