37051 Walnut St, Newark, California 94560, Newark, 94560 - bed, bath
ACTIVE$1,498,000
37051 Walnut St, Newark, California 94560
0Bed
0Bath
Sqft
7,500Lot
Year Built
1990
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41108647
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros.
Prime Investment Opportunity in the Heart of Newark! Exceptional triplex with long-term tenants. Each unit is very well maintained. Walnut Street includes: Unit A is a 2-bedroom|1-bath| 1-car garage, Unit B is a 2-bedroom|1-bath| 2-car garage, and Unit C is a 2-bedroom|1-bath| 2-car garage . Each unit has washer/dryer hookups and their own private patio space. Tenants pay PG&E and garbage. Close proximity to major shopping, Starbucks, restaurants, Coyote Hills Regional Park, and is minutes from HWY 880, HWY 84/Dumbarton Bridge, Tesla, Meta/Facebook, and the Silicon Valley.
Nearby schools
4/10
August Schilling Elementary School
Public,•K-6•0.1mi
5/10
James A. Graham Elementary School
Public,•K-6•0.8mi
6/10
Birch Grove Intermediate
Public,•3-6•1.3mi
4/10
Newark Junior High School
Public,•7-8•1.2mi
5/10
Newark Memorial High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
10/26/25
Price Change
$1,498,000-3.4%
08/19/25
Listing
$1,550,000
Condition Rating
Fair
The property was built in 1990, making it 34 years old. While the listing states it is 'very well maintained' with 'long-term tenants,' there are no interior images provided, and the property analysis explicitly notes 'undisclosed interior modernization.' This suggests that kitchens, bathrooms, and other interior features are likely original or have not undergone significant updates in over 15-20 years, making them functional but outdated in style and features. The exterior appears maintained but not modern. This aligns with the 'Fair' condition criteria for a property built over 20 years ago with no major recent renovations, where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Prime Investment Opportunity: Explicitly positioned as a 'Prime Investment Opportunity' with an 'Exceptional triplex' structure, offering strong income-generating potential.
Strategic Location & Tech Proximity: Highly desirable location with close proximity to major shopping, amenities, and key employment hubs like Tesla, Meta/Facebook, and Silicon Valley, ensuring robust rental demand.
Established Tenancy & Condition: Benefits from 'long-term tenants' and 'very well maintained' units, suggesting stable income, low vacancy risk, and reduced immediate maintenance needs.
Favorable Expense Structure: Tenants cover PG&E and garbage, significantly lowering landlord operating expenses and enhancing net cash flow.
Desirable Unit Amenities: Each unit features private patio spaces and washer/dryer hookups, adding value and appeal for tenants.
Cons
Recent Price Adjustment: A recent price reduction from $1.55M to $1.498M may suggest initial overpricing or a need to stimulate buyer interest.
Property Age & Potential for Future Updates: Built in 1990, the property is over three decades old, potentially requiring future capital expenditures for system updates or cosmetic renovations to maintain competitiveness.
Undisclosed Interior Modernization: While well-maintained, the description lacks specific details on recent interior upgrades (e.g., kitchens, bathrooms), which might be necessary to maximize rental income or attract higher-tier tenants in a competitive market.