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37073 Locust St
For Sale $3,200,000 ($935.13 per Sq Ft)
$3,200,000 ($935.13 per Sq Ft)
- Units
- 3,422 Sq Ft
- 7,500 Sq Ft
- Unknown Cap Rate
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 soon-to-be approved 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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,200,000 |
| Property Type | Flex Space |
| Usable Sqft | 3,422 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1988 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 092012500901 |
| MLS # | ML81982323 |
| Property ID | 320905123 |
| Lot Sqft | 7,500 |
| Zoning | RL - Residential Low Dens |
| Days on Market | 8 |
| Original List Price | $3,200,000 |
| Date Updated | October 02, 2024 |
| Date Created | October 01, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Stephen Thaddeus Wawryk an agent of KW Bay Area Estates. Lic #02140544
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 02, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT