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Property profile & analytics
OFF-MARKET
Estimated value
$7,125,000
Apartment buildings
1620 Adelaide St Concord, CA 94520-3259
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5322961
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD FRAME
Total area
18,425 SF
Lot
0.94 ac (40,946 SF)
Zoning code
M1
APN
126-250-034-9
UPID
US09-5322961
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.94M
CAP Approach
CAP
$4.50M
Comparable Approach
Comparable
$7.16M
Blend (final)
Blend
$7.13M
Owner & transaction history
Bradley Drian · 4 yrs held
Bradley Drian
since 2022
Last sale
$7.0M
6 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+50.4%
Medical building
$6.7M
+24.9%
Commercial (general)
$6.4M
+19.7%
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
Method
Estimation
Statistic approach
$7,330,000
ML approach
$7,940,000
CAP Approach
CAP Return
Estimation
6%
$4,870,000
6.5%
$4,495,000
7%
$4,175,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,355,000
Current use
RESTAURANT
$8,055,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$6,690,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,415,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$6,145,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,885,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$4,500,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.13M
Range $6.41M – $7.84M · ±10% · vs last sale $7.00M (Jan 26 2022)
Last sale anchor
$7.00M
Jan 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$387 / 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
$108,538
Tax year 2024
Assessed value
$7,311,444
Assessed 2024
Previous assessed
$7,311,444
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$4,681,800
Assessed improvement
$2,629,644
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
6
Stories
1
Units
33
Rooms
33
Total area
18,425 SF
Lot
0.94 ac (40,946 SF)
Zoning code
M1
APN
126-250-034-9
UPID
US09-5322961
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.4M
RESTAURANT
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
6
Units
33
Rooms
33
Lot
0.94 ac
Current owner
From public records · entity-resolved
Bradley Drian
Individual
Mailing address
11 EMBARCADERO W STE #200, OAKLAND, CA 94607-4543
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Bradley Drian
Red Flower LLC
Grant Deed
$4,420,000 · Pacific Premier Bank
Jan 26, 2022
$7,000,000
Mary Kate Rittman
Bradley Drian
Grant Deed
—
Apr 13, 2011
$2,570,000
Red Flower LLC
Forbes,alex C
Grant Deed
$1,927,500 · Sterling Savings Bank
Nov 14, 1997
$87,500
Alex C Forbes
C Charles Monedereo INC
Grant Deed
related
$3,933 · Security Pacific Real Estate
Dec 22, 1993
$1,600,000
C Charles Monedero Corp
Silvan,doris
Grant Deed
$1,110,000 · San Francisco Federal S & L
—
—
Doris Silvan
—
Deed Of Trust
related
$995,000 · Western Federal Savings & Loan
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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