36871 Locust Street, Newark, California 94560, Newark, 94560 - 2 bed, 2 bath
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Newark, California 94560
Analysis of 36871 Locust Street, Newark, California 94560 is currently available with a list price of $1,599,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Newark Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1951-built home that is described as move-in ready and well-maintained, featuring hardwood floors and newer dual-pane windows. While it offers immediate habitability and rental income potential, the structure is over 70 years old and lacks evidence of a recent comprehensive renovation. The primary value is positioned in the land's development potential rather than the modern luxury of the existing dwelling, placing it firmly in the fair category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15000, living area = 1003.
The massive 15,000 sq. ft. lot includes preliminary plans for four large single-family homes, offering a high-upside opportunity for developers to maximize ROI through SB9 or high-density bonuses.
Strategically located minutes from Meta, Tesla, and the Dumbarton Bridge, this property is positioned in a high-growth zone with excellent connectivity to major Silicon Valley employers.
The project requires navigating city approvals and verifying development paths, which can involve significant time, costs, and regulatory hurdles before construction begins.
The assigned public schools have average ratings (4-6), which may be a drawback for families prioritizing top-tier educational districts when considering high-end new builds.
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.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.7 mi
Grades 3-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 1% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,003 | 1,899 | 5% |
| Lot Size | 15,000 | 6,000 | 99% |
| Price | $1.60M | $1.47M | 74% |
| Price per sq ft | $1.6K | $800 | 99% |
| Built year | 1951 | 1968 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 166 | 10% |
Feb 26, 2026
$1,599,000
Initial Listing
Sep 26, 2018
$940,000
Public Record
Oct 7, 2011
$317,000
Public Record