Discover a prime investment at 37073 Locust St - a triplex consisting of the unit mix: 3 Bedroom / 1.5 Bath townhome style units with 2 stories and a backyard area. All units have been updated in the past 10 years with new kitchen countertops, new bathroom tiles, and laminate flooring throughout, proving beneficial for both your immediate financial goals and long-term vision. With low current rents, there is upside with the average rents in Newark at $3,000 for similar properties. Conveniently located just a 12-minute drive from Meta Headquarters over the Dumbarton Bridge, these rental units are close to major employers and popular amenities, making them ideal for a growing rental market.
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.
