37054 Locust St, Newark, CA 94560

Property Description

Positioned on a desirable cul-de-sac, this centrally-located multifamily triplex offers a rare opportunity to own in a strong and steadily growing rental market within the Bay Area. The building encompasses approximately 3,000 SF on a 7,500 SF lot. The property consists of 3 residential units with a marketable mix of (A) 2BD/1BA, (B) 2BD/1BA, and (C) 3BD/1BA, along with a coin-operated laundry facility providing additional income. All units have valuable upgrades including durable laminate flooring, updated bathrooms and remodeled kitchens with custom shaker-style cabinets, subway tile backsplash and stainless steel appliances including gas stoves. Recent improvements include a concrete driveway and patio (installed March 2022) and central heating and air conditioning (installed July 2023) with a 10-year warranty. Parking consists of a 3-car garage and 2 additional parking spaces. Ideal commuter location - close to Dumbarton Bridge, 880 freeway, ACE commuter train and Silicon Valley shuttle stops. Nearby beautiful Don Edwards National Wildlife Refuge, Coyote Hills, Ardenwood Historic Farm, good schools & local eateries. This is a prime opportunity to own a triplex investment property in Newark, CA, offering strong rental income in the greater Silicon Valley market.