Properties

Comm Ri Multi-units 5+ For Sale

0 Sqft - 37280 Magnolia, NEWARK, California 94560

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Property Description

This is 1 of 3 parcels being sold together. APN#092-0061-012-02 (15,750sf), 092-0061-012-01 (6,000sf), & 092-0061-011 (18748sf) total of 40,498 sf. Parcels represent a unique opportunity to invest in the path of progress adjacent to Dumbarton Rail Corridor & 400K jobs within ½ hour commute: Facebook (9m), Amazon (1.8 m) and Logitech (2.5 m). Zoned Medium Density Residential, but per City of Newark planning, they want to see single family homes. City is in progress of adopting a revision that would allow 3000 sf lot size SFR with 40’ wide lot and 2 car garage. Based on this updated code, 13 PUD or SFR style homes could be put in place. Currently there are 6 structures on the property – 5 occupied by month to month tenants w/monthly income $6450. Property also listed under Lots & Land (MLS 40799391) PLEASE do not disturb tenants or walk on property without appointment. Further details available by request.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40799395
Price : $2,500,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1960
Lot Area : 0.92 Sqft
Features
Heating System : Other Heat
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Alameda
City : NEWARK
Zipcode : 94560
Street : Magnolia
Street Number : 37280
Floor Number : 0
Longitude : W123° 58' 3.4''
Latitude : N37° 31' 43.1''
MLS Addon
Office Name : Realsmart Properties
Building Type : Lowrise (1-3 Flrs)
Area : Newark
Address : 37280 Magnolia
Cross Street : Thornton Ave
Directions to Property : Hwy 84-Thornton-R on Magnolia
LA1User Code : ML8499
LA1Agent First Name : Bryan
LA1Agent Last Name : Jacobs
Status Category : Sold
Tot # Parking Spaces : 6
Tot # of Units : 2
Zoning : MD
List $/SqFt : $0
Age : 58
Apx Lot Sq Ft : 40,498 Sqft
Type of Building : Apt Complex
Annual Taxes : $30,000
Total Deposits : $0
EQUIPMENT ADDITIONAL : Other
EXTERIOR : Other
FLOORING : Other
LOT DESCRIPTION : Level
ON-SITE PARKING DESC : Attached Garage, Off Site Parking
TENANT PAYS : Electric, Gas, Water, Trash
WATER/SEWER : Water - Public, Sewer System - Public
Census Tract : 4445.00
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $77,400
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,500,000
Sold Price : $2,200,000
Previous Price : $2,500,000
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40799395
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 0 Sqft
$2,500,000
Agent info
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