Approved for 6 Single Family Homes - Discover a prime investment at 7843 Railroad Ave with site plans for a 6-Townhome Community that will prove beneficial for both your immediate financial goals and long-term vision. Situated on a rare 18,750 SqFt Large Lot, this property is zoned Residential Low Density (RL), allowing for up to 15 units per acre. Priced competitively at under $235,000 per unit, there's also the option to entitle 6 single-family homes. Conveniently located just a 12-minute drive from Meta Headquarters over the Dumbarton Bridge, this site is close to major employers and popular amenities, making it ideal for multiple rental properties, build to sell units, or to be used as a family compound. Buyer to verify current zoning/building requirements/restrictions with City of Newark building dept.
Newark is located in California. Newark, California has a population of 47,815. Newark is less family-centric than the surrounding county with 36.11% of the households containing married families with children. The county average for households married with children is 36.75%.
The median household income in Newark, California is $144,011. The median household income for the surrounding county is $112,017 compared to the national median of $69,021. The median age of people living in Newark is 36.5 years.
The average high temperature in July is 77.5 degrees, with an average low temperature in January of 42.4 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.
