Multifamily Portfolio with Rental
For Sale
Contact for pricing
1620 Adelaide St, Concord, CA 94520
Portfolio opportunity includes 68 apartment units across two buildings in Concord, with described under-rent versus renovated competition.
Property SizeContact for details
Days on Market120
Property Features for 1620 Adelaide St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
68
Listing Agency:
Newmark Knight Frank - Walnut Creek
Listed By:
Zachary LeBeouf · License #CA 01954043
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Knight Frank - Walnut Creek
Investment Insights
Based on property information with market context.
This offering presents a value-add multifamily portfolio comprising The Red Flower and The Franciscan, totaling 68 apartment units. The seller’s remarks describe immediate rental upside based on the highest achieved leases at each property, citing approximately 18% for Red Flower and approximately 16% for Franciscan in their current condition under the stated minimal unit renovation program. The remarks further state that each property is under-rented versus renovated competition, with Red Flower approximately 29% under-rented and Franciscan approximately 22% under-rented.
The Red Flower and Franciscan are described as being blocks from BART, Concord City Center, and Todos Santos Plaza in Concord, California.
The owner indicates the ability to acquire the portfolio as a group, and also is willing to consider a sale of individual assets versus the portfolio, depending on buyer preference.
The Red Flower and Franciscan are described as being blocks from BART, Concord City Center, and Todos Santos Plaza in Concord, California.
The owner indicates the ability to acquire the portfolio as a group, and also is willing to consider a sale of individual assets versus the portfolio, depending on buyer preference.
Key Highlights
- Portfolio purchase opportunity: 68 apartment units across two buildings (The Red Flower and The Franciscan) in Concord, CA
- Red Flower: reported immediate rental upside of approximately 18% in current condition under a minimal unit renovation program
- Red Flower: reported approximately 29% under‑rented versus renovated competition based on nearby market comparables
Property Analytics
Current Use
Lease Details
68
Residential units
Location Intelligence
Trade Area within ½ mile
1,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 94520, CA
38,383
Population
13,661
Households
2.8
Avg Household Size
35
Median Age
30%
College-Educated
79%
High-School Grad
9.9 sq mi
ZIP Area
3,877
Density / Sq Mi
$79,790
Median Household Income
$43,382
Median Earnings
$2,118
Median Rent
$572,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio opportunity includes 68 apartment units across two buildings in Concord, with described under-rent versus renovated competition.
Where is this apartment building located?
The property is located at 1620 Adelaide St Concord, CA.
What are key features of this property?
This property features: Portfolio purchase opportunity: 68 apartment units across two buildings (The Red Flower and The Franciscan) in Concord, CA; Red Flower: reported immediate rental upside of approximately 18% in current condition under a minimal unit renovation program; Red Flower: reported approximately 29% under‑rented versus renovated competition based on nearby market comparables
