7881 Thornton Avenue

Newark, CA 94560

$1,850,000
Last Sold Price
8
Beds
6
Baths
4,112 Sq. Ft.
$450 / Sq. Ft.
4,112
Sq. Ft.
$450
per Sq. Ft.

Description

Exceptional investment opportunity in the prime location of Newark. Huge lot (11,282 sf by public records) with great potentials. 4 identical 2-story townhouse style units with 2 bedrooms & full bath upstairs and living room/dining/kitchen/half bath downstairs. Each unit has dishwasher, laundry area with washer/dryer hook up, water heater, alcove upstairs perfect for home office, and a private backyard. Its advantageous location provides an easy access to both Highway 880 & Dumbarton Bridge connecting...Exceptional investment opportunity in the prime location of Newark. Huge lot (11,282 sf by public records) with great potentials. 4 identical 2-story townhouse style units with 2 bedrooms & full bath upstairs and living room/dining/kitchen/half bath downstairs. Each unit has dishwasher, laundry area with washer/dryer hook up, water heater, alcove upstairs perfect for home office, and a private backyard. Its advantageous location provides an easy access to both Highway 880 & Dumbarton Bridge connecting to all major employment centers in Bay Area (Palo Alto, Peninsula, South Bay...) and thus enhances potential for upside in rents and long-term value.
  1. Listed by Abel Lin • DRE #01272711 • Linz Financial & Realty

Property Details for 7881 Thornton Avenue

City
NEWARK
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Detached Garage, Parking Area, Spaces per Unit - >1
Park Spaces Total
8

Location

Listing Courtesy of Linz Financial & Realty, Abel Lin, DRE #01272711

Sold By eXp Realty of California, Asir Shahim, DRE #01987083

Add your commute
LISTING UPDATED: 07/25/2023 10:02 AM

Property Details for 7881 Thornton Avenue

StatusSold
MLS #41028005
Days on Compass19
Taxes$18,406 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1988
Lot Size0.26 AC / 11,282 SF
CountyAlameda County

Location

Listing Courtesy of Linz Financial & Realty, Abel Lin, DRE #01272711

Sold By eXp Realty of California, Asir Shahim, DRE #01987083

Add your commute

Building Information for 7881 Thornton Avenue

Stories-Residences4Year Built1988Building Size-Lot Size0.26 AC / 11,282 SF

Payment Calculator

$11,630 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,534

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7881 Thornton Avenue

Features
Feature Details
  • Flooring: Hardwood Floors, Laminate, Linoleum, Partial Carpeting, Tile, Vinyl
  • Laundry: Inside Unit, Washer/Dryer Hookups
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Forced Air 1 Zone
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: Fire Sprinklers, Water Heater Gas
  • City Transfer Tax: No
  • Exterior: Wood Siding
  • Lot Description: Level
  • Lot Sq Ft Apx: 11282
  • Lot Size Square Feet: 11282.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 4112
  • Yard Description: Back Yard, Deck(s), Fenced
  • Year Built: 1988
  • Acres: 0.26
Location Details
  • Elementary School District: Newark (510) 794-2141
  • Directions to Property: Thornton Ave between Locust St and Spruce St
  • FIPS Code: 06001
  • Parcel Number: 92-83-13
  • Printed Neighborhood Rpt: No
  • Board ID: BAY EAST
Multi Family Information
General Details
  • All Units Have: Deck, Dishwasher, Disposal
  • Some Units Have: Deck, Dishwasher, Disposal
  • Units Total: 4
  • Basement: None
  • Parking Description: Carport - 1, Detached Garage, Parking Area, Space Per Unit - 2
  • Separate Meters: Electric, Gas
  • Existing Lease Terms: Month to Month, Security Deposit
  • Tenant Pays: Cable TV, Electric, Gas
  • Financial Data Source: Owner, Rental Agreement
Income / Expense Details
  • Annual Taxes $: $18,406
  • Annual Gross Sched Income: $121,800
  • Annual Rental Income: $121,800
  • Net Operating Income: $92,465
  • Annual Insurance Expense: $3,173
  • Annual Maintance Expense: $1,200
  • Annual Total Oper Expense: $29,335
  • Annual Utility Expense: $6,558
  • Operating Expenses: Garbage Collection, Insurance, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Water
Unit 1 Details
  • Unit #/Address - 1: A
  • Occupied By 1: Vacant
  • Dining Room 1: Yes
  • Air Cond 1: No
  • Fireplace 1: No
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 2
  • Bathrooms 1: 1.5
  • Parking Spaces 1: 2
  • Apx Sq Ft 1: 1028
  • Rent 1: 2450
Unit 2 Details
  • Unit #/Address - 2: B
  • Occupied By 2: Tenant
  • Dining Room 2: Yes
  • Air Cond 2: No
  • Fireplace 2: No
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 2
  • Bathrooms 2: 1.5
  • Parking Spaces 2: 2
  • Apx Sq Ft 2: 1028
  • Rent 2: 2200
Unit 3 Details
  • Unit #/Address - 3: C
  • Occupied By 3: Tenant
  • Dining Room 3: Yes
  • Air Cond 3: No
  • Fireplace 3: No
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 2
  • Bathrooms 3: 1.5
  • Parking Spaces 3: 2
  • Apx Sq Ft 3: 1028
  • Rent 3: 2200
Unit 4 Details
  • Unit #/Address - 4: D
  • Occupied By 4: Tenant
  • Dining Room 4: Yes
  • Air Cond 4: No
  • Fireplace 4: No
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 2
  • Bathrooms 4: 1.5
  • Parking Spaces 4: 2
  • Apx Sq Ft 4: 1028
  • Rent 4: 2200
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Balcony/Patio
Additional Information
Additional Information
  • Fireplace: No
  • Elementary School District: Newark (510) 794-2141
  • High School District: Newark (510) 794-2141

Property History for 7881 Thornton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7881 Thornton Avenue

Taxable ValueLand$443,745Additions$978,516Total$1,422,261
Tax Record2023$18,689 ($1,557 / month)
Home Facts
Total Finished SqFt4,112 SqFtAbove Grade Finished SqFt4,112 SqFtStories2Lot Size11,282 SqFtStyleQuadraplexYear Built1988CountyALAMEDAAPN92-83-13

Schools near 7881 Thornton Avenue

This home is within Newark Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
August Schilling Elementary School
PublicK to 6

Newark Junior High School
Public7 to 8

Newark Memorial High School
Public9 to 12

Bridgepoint High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Linz Financial & Realty, Abel Lin, DRE #01272711

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.