37051 Walnut St, Newark, California 94560, Newark, - bed, bath
ACTIVE$1,498,000
37051 Walnut St, Newark, California 94560
0Bed
0Bath
Sqft
7,500Lot
Year Built
1990
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41108647
Home ConditionFair
Features
Patio
View-
About this home
Prime Investment Opportunity in the Heart of Newark! Exceptional triplex with long-term tenants. Each unit is very well maintained. Walnut Street includes: Unit A is a 2-bedroom|1-bath| 1-car garage, Unit B is a 2-bedroom|1-bath| 2-car garage, and Unit C is a 2-bedroom|1-bath| 2-car garage . Each unit has washer/dryer hookups and their own private patio space. Tenants pay PG&E and garbage. Close proximity to major shopping, Starbucks, restaurants, Coyote Hills Regional Park, and is minutes from HWY 880, HWY 84/Dumbarton Bridge, Tesla, Meta/Facebook, and the Silicon Valley.
Nearby schools
4/10
August Schilling Elementary School
Public,•K-6•0.1mi
5/10
James A. Graham Elementary School
Public,•K-6•0.8mi
6/10
Birch Grove Intermediate
Public,•3-6•1.3mi
4/10
Newark Junior High School
Public,•7-8•1.2mi
5/10
Newark Memorial High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
10/26/25
Price Change
$1,498,000-3.4%
08/19/25
Listing
$1,550,000
Condition Rating
Fair
The property was built in 1990, making it 34 years old. While the description states 'very well maintained,' there are no interior images to assess the condition, style, or features of the kitchen, bathrooms, appliances, flooring, or fixtures. The exterior images show a well-kept but dated appearance, consistent with its age, with some wear on the concrete driveway. Without evidence of recent major renovations, the property likely features original or older components that are functional but not modern, aligning with the 'Fair' category for its age and presumed condition.
Pros & Cons
Pros
Prime Investment Opportunity: This exceptional triplex is explicitly marketed as a 'Prime Investment Opportunity' with long-term tenants, ensuring immediate and stable rental income for an investor.
Strategic Location: Located in the heart of Newark, the property offers excellent proximity to major tech employers like Tesla and Meta/Facebook, key transportation arteries (HWY 880, HWY 84/Dumbarton Bridge), shopping, dining, and recreational areas like Coyote Hills Regional Park, making it highly attractive to renters.
Reduced Landlord Expenses: Tenants are responsible for PG&E and garbage utilities, significantly reducing the landlord's operating costs and increasing net income.
Tenant-Friendly Amenities: Each unit features individual washer/dryer hookups and a private patio space, desirable amenities that enhance tenant satisfaction, retention, and rentability.
Well-Maintained Condition: The description highlights that 'each unit is very well maintained,' suggesting lower immediate repair and maintenance costs for a new owner and a positive living environment for tenants.
Cons
Unit Configuration Limitations: All three units are configured as 2-bedroom, 1-bath. This uniform layout and single bathroom per unit might limit the target tenant demographic or potential for higher rental income compared to properties offering more diverse unit sizes or additional bathrooms.
Property Age & Potential CAPEX: Built in 1990, the property is over 30 years old. While well-maintained, major systems (e.g., roof, plumbing, electrical, HVAC) may be original or nearing the end of their useful life, potentially requiring significant capital expenditures in the near future.
Lack of Modern Upgrades Specified: While 'well maintained' is positive, the description does not specify recent modern renovations (e.g., updated kitchens, bathrooms, smart home features) that could command premium rents or attract a higher-tier tenant base in the competitive Bay Area market.