37073 Locust StNewark, CA 94560

Property Details for 37073 Locust St

Year built

1988

Property size (Sq ft)

3,422 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This 2-story, 3,422 square foot triplex located at 37073 Locust St, Newark, CA 94560, presents a compelling investment opportunity. Built in 1988 and renovated in 2014, the property features three 3-bedroom, 1.5-bathroom townhome-style units, each boasting updated kitchens with new countertops, renovated bathrooms with new tile, and laminate flooring throughout. Situated on a 7,500 square foot lot (APN 092-0125-009-01) in a Residential Low Density (RL) zone, this property offers significant upside potential due to currently low rents compared to the Newark market average of $3,000 for similar units. The property's convenient location, a short 12-minute drive from Meta Headquarters via the Dumbarton Bridge, ensures strong tenant demand and proximity to major employers and amenities. This triplex is also available for sale as a package with a separate large developable lot at 7843 Railroad Ave. This is an exceptional opportunity for investors seeking immediate income and long-term growth in a thriving California market.

Location Insight

City

Newark

County

Alameda

State

California

Latitude

37.5271

Longitude

-122.043

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