7438 Wells Ave, Newark, California 94560, Newark, 94560 - 2 bed, 1 bath
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7438 Wells Ave
Newark, California 94560
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
760Sq Ft
6,250Lot Size
Property Price
LIST PRICE$649,000
SUMMARY
Analysis of 7438 Wells Ave, Newark, California 94560 is currently available with a list price of $649,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1924 (100 years old) with no evidence of recent renovations. Explicitly marketed as a 'Contractors Special' requiring a total transformation, suggesting the structure is likely unlivable and the primary value is in the 6,250 sqft lot.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The generous 6,250 sqft lot provides significant space for expansion or the addition of an ADU, offering excellent potential for multi-generational living or rental income.
- Investment Opportunity
Priced as a 'Contractor’s Special' at a competitive entry point for Newark, this property represents a prime opportunity for investors or flippers to build substantial equity through renovation.
- Desirable Location
Situated in a sought-after Newark neighborhood, the property is conveniently located within a half-mile of August Schilling Elementary and offers easy access to major Bay Area hubs.
CONSRISKS & DEFICIENCIES
- Significant Renovation Needed
The property requires extensive repairs and a complete overhaul, which will necessitate a large capital investment and may limit financing options to cash or hard money loans.
- Small Existing Footprint
With only 760 square feet of living space, the current 2-bedroom, 1-bathroom configuration is very restrictive and may not meet the needs of modern buyers without a costly addition.
About 7438 Wells Ave
Contractors Special. An incredible opportunity to bring your tools, vision, and creativity to transform this property into your dream home in the highly desirable City of Newark! The property offers plenty of potential for a primary residence, with space to explore adding an ADU for extended family or possible rental income. It may offer residential-income possibilities. Buyers should verify all proposed uses, additions, permits, and development possibilities with the City of Newark. NO SIGN OUT FRONT
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 • 0.5 mi
4/10
James A. Graham Elementary School
Grades K-6 • 0.9 mi
5/10
Birch Grove Intermediate
Grades 3-6 • 1.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 2.3 |
| Square foot | 760 | 1,683.381 |
| Lot Size | 6,250 | 5,993.81 |
| Price | $649.0K | $1.43M |
| Price per sq ft | $854 | $826 |
| Built year | 1924 | 1982 |
| HOA | $0 | $224 |
| Days on market | 26 | 47 |
Pricing History
Listed for Sale
Aug 14, 2026
$649,000
Initial Listing