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    1603 Reliez Valley Rd Lafayette, CA 94549

    View on Map
    Sponsored
    For Sale
    $2,498,000

    MULTI_FAMILY - Lafayette, CA

    Property size:
    4,314 SF
    Lot size:
    1.03 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 23 at 6:06 pm

    Property Features for 1603 Reliez Valley Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Window Coverings, Bay Window(s), Double Pane Windows
    Rooms
    Bedroom 6, Bathroom 8, Bathroom 9, Bathroom 6, Bathroom 2, Bathroom 11, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 7, Bathroom 10, Bathroom 13, Bathroom 12, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 7
    Bedrooms
    7
    Bathrooms
    13
    APN
    1671910071
    Parking features
    Carport, Parking Lot, Covered
    Interior features
    Storage, Sound System
    Exterior features
    Balcony, Back Yard, Garden/Play, Sprinklers Automatic, Private Entrance, Lawn Sprinkler
    Fireplace
    1
    Appliances
    Dryer, Washer, Gas Water Heater, Tankless Water Heater
    Size
    4,314 SF
    Lot size
    1.03 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Forced Air, Central
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Central Air, Heat Pump

    Building Details

    Year built
    1994
    Number of units
    2
    Flooring type
    Hardwood, Carpet, Tile
    Building materials
    Redwood Siding, Wood
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Samantha Browne

    Keller Williams Realty Walnut Creek

    Listing agent Samantha Browne

    Listing date Mar 21, 2026

    MLS# 41127284

    Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lafayette Two-Home Compound

    This unique two-home compound is situated on one acre of hillside in Lafayette. The main house, spanning 2,654 square feet, features 4 bedrooms and 3.5 bathrooms. It has vaulted ceilings, hardwood floors, Andersen windows and doors, and fresh paint. Designed for both everyday living and entertaining, the home includes two living spaces with a fireplace, a built-in bar, and four balconies. Downstairs, new carpeting and updated bathrooms are present, including a primary suite with a soaking tub. The property also includes a 1,660-square-foot ADU with its own address and parking. The ADU contains 3 bedrooms and 2 bathrooms, remodeled bathrooms, a built-in office, a private patio, and a primary closet. The grounds are designed for recreation and include a Sport Court for basketball and pickleball, plus an entertaining area with a BBQ, fountain, arbor, speakers, and an EV charger. The property is located near hiking trails and within the Acalanes School District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Hotel & Motel HVAC Service Electronics & Wireless Store Electrical Service Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Contra Costa
    State
    California
    Longitude
    -122.111201
    Latitude
    37.924384

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    FAQs

    What type of property is this?
    Multifamily property - Rare Lafayette compound with two homes on one acre.
    Where is this multifamily property located?
    The property is located at 1603 Reliez Valley Rd Lafayette, CA.
    What is the asking price?
    The asking price for this property is $2,498,000.
    What are key features of this property?
    This property features: - Rare two-home compound (main home and ADU) on a one-acre lot in Lafayette.; - Separate 1,660+\/- sq ft ADU with 3 beds/2 baths, private entrance/parking, believed to be designed by Leon Meyer.; - Main home features 4 bedrooms, 3.5 baths, updated bathrooms, and expansive views from multiple balconies.
    (510) 813-5610
    Request Owner's contact information
    1603 Reliez Valley Rd Lafayette, CA 94549
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    Lafayette, CA 94549
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1603 Reliez Valley Rd Lafayette, CA 94549
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    Samantha Browne
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