36871 Locust Street, Newark, California 94560, Newark, 94560 - 2 bed, 2 bath
36871 Locust Street
Newark, California 94560
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Significant Development Potential
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.
- Prime Tech-Hub Location
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.
CONSRISKS & DEFICIENCIES
- Entitlement and Zoning Complexity
The project requires navigating city approvals and verifying development paths, which can involve significant time, costs, and regulatory hurdles before construction begins.
- Modest School Ratings
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.
About 36871 Locust Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 15,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newark Unified Schools
August Schilling Elementary School
Grades K-6 • 0.1 mi
James A. Graham Elementary School
Grades K-6 • 0.7 mi
Birch Grove Intermediate
Grades 3-6 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 2% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,003 | 1,829 | 6% |
| Lot Size | 15,000 | 6,060 | 99% |
| Price | $1.60M | $1.43M | 77% |
| Price per sq ft | $1.6K | $801 | 99% |
| Built year | 1951 | 1967 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 173 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,599,000
Initial Listing
Sold
Sep 26, 2018
$940,000
Public Record
Sold
Oct 7, 2011
$317,000
Public Record