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Property profile & analytics
OFF-MARKET
Estimated value
$3,710,000
Apartment buildings
1115 Virginia Ln 1 Concord, CA 94520-4124
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3862629
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD FRAME
Total area
28,110 SF
Lot
1.4 ac (60,984 SF)
Zoning code
M1
APN
128-290-004-0
UPID
US09-3862629
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Courtyard Plaza Apartments Apartment Building
-
Concord high schools High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.71M
Owner & transaction history
Mejvm LLC · 4 yrs held
Mejvm LLC
since 2021
7 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$98,529
Tax year 2024
Assessed value
$5,111,774
Assessed 2024
Previous assessed
$5,111,774
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,419,930
Assessed improvement
$3,691,844
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
5
Stories
1
Units
50
Rooms
50
Total area
28,110 SF
Lot
1.4 ac (60,984 SF)
Zoning code
M1
APN
128-290-004-0
UPID
US09-3862629
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Concord, CA
Zoning M1 · permitted uses
M1 · Concord, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
5
Units
50
Rooms
50
Lot
1.4 ac
Current owner
From public records · entity-resolved
Mejvm LLC
Entity
Mailing address
3577 FRUITVALE AVE, OAKLAND, CA 94602-2326
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Mejvm LLC
Michael W Marr
Grant Deed
—
Aug 19, 2009
—
Michael W Marr
Marr,michael
Quit Claim Deed
related
$2,000,000 · Canyonwood Investments LLC
Aug 1, 2002
$3,600,000
Michael Marr
Goreshnik,gregory & Lyudmila
Grant Deed
$2,635,000 · Financial Inst Partners Mtg
Apr 14, 1998
$9,090
Gregory Goreshnik
Main Street Associates
Grant Deed
$1,323,750 · Washington Mutual Fsb
Mar 19, 1996
$1,615,155
Managed Properties INC
Virginia Lane Limited
Trustees Deed
—
Mar 6, 1996
—
111 Galaxy Properties
Spieker,richard T
Grant Deed
related
—
Jul 28, 1993
$3,000
Richard Spieker
Vdl Virginia Lan
Grant Deed
related
—
—
—
Main Street Associates
—
Deed Of Trust
related
$381,000 · Westamerica Bank
—
—
Main Street Associates
—
Deed Of Trust
related
$381,000 · Westamerica Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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