
Newark, California 94560
This Multigenerational Residential Asset is a High-Potential Investment Opportunity, listed at $2,198,000—positioned above the $2,076,246 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating and a rare configuration including a Main House, ADU, and Jr. ADU. With a Solar-Heated Pool and high-end finishes, it offers immediate rental income potential or sophisticated living. This unique layout is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, tech-hub adjacent property with significant long-term value retention.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6242 Montcalm Ave Subject | $2,198,000* List Price | 5 | 4 | 2,344 | $886 | - |
A 5228 5228 Falmouth Pl Sold | $1,655,000 | 4 | 3 | 2,181 | $759 | 0.9 mi |
B 7728 Hazelnut Dr Sold | $1,550,000 | 4 | 2 | 2,153 | $720 | 0.7 mi |
C 5879 Caleb Court Sold | $2,290,000 | 4 | 4 | 2,442 | $938 | 0.3 mi |
D 35587 Reymouth Dr Sold | $1,825,000 | 4 | 3 | 2,580 | $707 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1962, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a modern kitchen with stone countertops and stainless appliances, updated bathrooms with contemporary fixtures (waterfall showerheads), new luxury vinyl plank flooring, dual-pane windows, and updated HVAC systems (central and mini-splits). The addition of an ADU, Jr. ADU, and a newly built garage puts it in mint, move-in-ready condition.
The rare configuration of a main house plus both an ADU and a Jr. ADU provides exceptional flexibility for high rental income or sophisticated multigenerational living arrangements.
The backyard serves as a private oasis featuring a solar-heated pool with a cascading waterfall, mature landscaping, and a spacious patio designed for high-end entertaining.
Ideally positioned near major employers like Tesla and Meta with immediate access to the Dumbarton Bridge and HWY 880, ensuring strong long-term property demand and value retention.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The solar system is leased rather than owned, requiring the buyer to assume an existing contract which may complicate the financing process or represent a long-term fixed liability.
Fitting three separate living units and a pool onto a 6,790 sqft lot may result in limited private yard space and a higher density feel compared to traditional single-family homes in the area.
Looking for a property with a Main House + ADU + Jr. ADU? This remodeled and updated property offers three separate living spaces, making it ideal for multigenerational living, extended family, guests, or potential rental income. The main residence features 3 bedrooms and 2 bathrooms with updated kitchen and living areas. One bedroom and full bathroom are conveniently located on the main level, along with sliding door access to the backyard. The renovated kitchen features stone countertops, built-in microwave, gas stove, stainless steel appliances, ample cabinet space, and direct backyard access for easy indoor-outdoor living. The Jr. ADU features a kitchen/dinette, bedroom, full bathroom, French doors, private entrance, and interior access to the main house. Its flexible layout can function as a separate living space or be closed off from the main residence for added privacy. The ADU includes an updated kitchen, bedroom, living room, full bathroom with step-in shower and waterfall showerhead, private entrance, separate electric meter, and dedicated mini-split HVAC. The large backyard offers a serene retreat with mature cypress and palm trees, spacious patio, and ample room for entertaining, gardening, outdoor activities, or relaxing. A beautiful pool with cascading waterfall feature and safety fence serves as the centerpiece, while solar heating extends enjoyment year-round. A leased solar system provides power to the main residence and Jr. ADU. The newly built garage features finished walls and a durable epoxy floor. Additional features include central A/C or mini-split HVAC in all spaces, fresh interior paint, dual-pane windows, and updated luxury vinyl plank flooring throughout. Conveniently located near schools, parks, shopping, HWY 84/Dumbarton Bridge, HWY 880, Tesla, Meta, and Silicon Valley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,344 | 1,683.381 |
| Lot Size | 6,790 | 5,993.81 |
| Price | $2.20M | $1.43M |
| Price per sq ft | $938 | $826 |
| Built year | 1962 | 1982 |
| HOA | $0 | $224 |
| Days on market | 27 | 47 |
Aug 13, 2026
$2,198,000
Initial Listing
Sep 13, 2018
$880,000
Public Record