$1,599,000

36871 Locust Street, Newark, CA 94560

2 beds |
2 baths |
1,003 sqft

Single-Family Home
Built in 1951
0.34acre lot
2 car garage
$1,594/sqft
Listed 1 month ago

Property Description

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.

Listing Status:: Active
Date Added:: February 26, 2026
Data Last Updated:: April 1, 2026 at 4:09PM
Listing Office:: Keller Williams Thrive : 408-850-6900
Listing Agent:: Radha Rustagi : 408-340-0558
MLS ID:: ML82036423

General: Dining AreaFamily Room
Appliances: Dishwasher
Flooring: Hardwood
A/C: None
Heating: Natural Gas

General: Back YardOther

Roofing: Shingle
Windows: Double Pane Windows
General: 1Raised

School District: Newark (510) 794-2141
County: Alameda

Zoning: RL0920083008

Utilities: 220 Volts in Kitchen

This listing courtesy of Radha Rustagi , Keller Williams Thrive

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

August Schilling Elementary School

36901 Spruce St, Newark, CA, 94560

Grades KG-5

0.16 miles away

Newark Junior High School

6201 Lafayette Ave, Newark, CA, 94560

Grades 6-8

0.89 miles away

Crossroads High (Alternative)

35753 Cedar Blvd, Newark, CA, 94560

Grades KG-12

1.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.