37340 Locust St, Newark, California 94560, Newark, 94560 - 2 bed, 1 bath
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Newark, California 94560
This Single Family Residence represents a Strong Value Opportunity, listed at $899,000—positioned well below the $968,532 Fair Market Value by 7%. This valuation gap offers $69,532 in Instant Equity. With a Good Condition Rating and extensive infrastructure upgrades like copper plumbing and new mini-split systems, the home is move-in ready. The oversized 7,500 sq. ft. lot provides significant development potential for an ADU. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37340 Locust St Subject | $899,000* List Price | 2 | 1 | 1,187 | $816 | - |
A 36563 Beutke Dr Sold | $1,000,000 | 3 | 2 | 1,073 | $932 | 0.6 mi |
B 6364 6364 Noel Ave Sold | $845,000 | 3 | 1 | 942 | $897 | 0.8 mi |
C 36535 Mulberry St Sold | $915,000 | 3 | 1 | 984 | $930 | 0.7 mi |
D 36593 Leone St Sold | $755,000 | 3 | 1 | 942 | $801 | 0.9 mi |
E 37266 Spruce Street Active | $948,000 List Price | 3 | 1 | 1,048 | $905 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1945 and retains some dated interior aesthetics like wood paneling, it is rated 'Good' due to extensive recent updates to major systems. The listing confirms a new roof, whole-house copper plumbing, new gas lines, dual-pane windows, and three brand-new mini-split HVAC systems, making it a well-maintained, move-in ready property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1187.
The oversized 7,500+ sq. ft. lot is a rare find in the Bay Area, providing ample space for a detached ADU, multigenerational living, or significant home expansion.
Major high-ticket items have been recently updated, including a new roof, copper plumbing, new gas lines, dual-pane windows, and three energy-efficient mini-split systems for year-round comfort.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1187, other record living area = 836.
With only one bathroom serving both the main floor and the upstairs bonus room, the layout may pose functional challenges for families or those hosting guests.
The main level consists of only 836 sq. ft. of living space, which may feel restrictive for buyers accustomed to more modern, open-concept floor plans.
Set on an oversized 7,500+ sq ft lot in the heart of Old Town Newark, this classic bungalow is the kind of property that rewards vision. Whether you're dreaming of a multigenerational setup, a detached ADU for rental income, or simply a backyard that actually gets used — the lot makes it possible. The park-like backyard is the real story here with six raised organic garden beds, mature citrus and olive trees, full drip irrigation, and room to build on in a way most Bay Area properties simply don't offer. The home blends original character with 1,187 sq.ft. of flexible living space (836 sq.ft. downstairs plus a 351 sq.ft. bonus room upstairs), with the big-ticket items already handled: new roof on both the main house and detached shed, whole-house copper plumbing, new gas lines, added insulation, dual pane windows, new water heater, kitchen stove, backyard fencing, new siding and gutters the on shed, and three brand-new mini-split systems for efficient year-round comfort. Ideally located near local shops, dining, parks, and commuter routes — with the space and flexibility that's nearly impossible to find at this price point in the Bay Area.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.0 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 | 1.0 | 2.0 | 3% |
| Square foot | 1,187 | 1,839 | 14% |
| Lot Size | 7,500 | 6,370 | 76% |
| Price | $899.0K | $1.47M | 3% |
| Price per sq ft | $757 | $853 | 30% |
| Built year | 1945 | 1968 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 109 | 3% |
May 6, 2026
$899,000
Initial Listing
Sep 8, 2023
$900,000
Public Record