Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,150,000
Apartment buildings
1621 Detroit Ave 1 Concord, CA 94520-3325
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-3195445
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Total area
24,958 SF
Lot
0.91 ac (39,476 SF)
Zoning code
M1
APN
128-010-067-6
UPID
US10-3195445
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
-
Angel's services Hardware & Home Improvement General Contractor
-
Californian Villas Apartment Homes Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.15M
CAP Approach
CAP
$6.09M
Comparable Approach
Comparable
$9.70M
Blend (final)
Blend
$9.15M
Owner & transaction history
Camara Circle Ks LLC · 2 yrs held
Camara Circle Ks LLC
since 2024
Last sale
$9.2M
7 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.9M
+50.4%
Medical building
$9.1M
+24.9%
Commercial (general)
$8.7M
+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
$9,150,000
ML approach
$9,150,000
CAP Approach
CAP Return
Estimation
6%
$6,600,000
6.5%
$6,090,000
7%
$5,655,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,255,000
Current use
RESTAURANT
$10,915,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$9,065,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,685,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$8,325,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,615,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$6,095,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$9.15M
Range $8.24M – $10.07M · ±10% · vs last sale $9.15M (Mar 27 2024)
Last sale anchor
$9.15M
Mar 27 2024
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
$367 / 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
$135,679
Tax year 2024
Assessed value
$9,629,891
Assessed 2024
Previous assessed
$9,629,891
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$4,155,854
Assessed improvement
$5,474,037
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
1966
Heating
NONE
Buildings
5
Stories
1
Units
35
Rooms
35
Total area
24,958 SF
Lot
0.91 ac (39,476 SF)
Zoning code
M1
APN
128-010-067-6
UPID
US10-3195445
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
$7.3M
RESTAURANT
Est. value
$10.9M
MEDICAL BUILDING
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$6.6M
RETAIL STORES
Est. value
$6.1M
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
1966
Heating
NONE
Stories
1
Buildings
5
Units
35
Rooms
35
Lot
0.91 ac
Current owner
From public records · entity-resolved
Camara Circle Ks LLC
Entity
Mailing address
PO BOX 2553, SAN FRANCISCO, CA 94126-2553
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
$9,150,000
Camara Circle Ks LLC
Californian Villas LLC
Grant Deed
$5,800,000 · The Golden 1 Cu
Nov 5, 2018
—
Murthy S Same
Sama,gayathri
Quit Claim Deed
related
—
Nov 5, 2018
$8,800,000
Californian Villas LLC
Murthy S Sama
Grant Deed
$6,285,250 · Opus Bank
Mar 12, 2018
—
Kollipara Family Trust
Kollipara,pavan K
Quit Claim Deed
related
—
Dec 26, 2017
—
Murthy S Sama
Srikris LLC
Quit Claim Deed
—
Feb 24, 2015
—
Venkata R Griddalur
Griddalur Pranuthi N
Quit Claim Deed
related
—
Feb 24, 2015
$4,925,000
Srikris LLC
Osmanthus Holding Company LLC
Grant Deed
—
Nov 12, 2004
$4,665,000
Osmanthus Holdings Co LLC
Hutchings,clarke H
Grant Deed
related
$2,900,000 · Commercial Capital Bank Fsb
Nov 27, 2002
—
Hutchings,tr
Hutchings,clarke H
Quit Claim Deed
related
—
Oct 31, 2002
$3,750,000
Clarke G Hutchings
Wong,tr
Grant Deed
$1,790,000 · Citibank Fsb
Mar 23, 2001
—
Wong Trust
Wong Trust
Quit Claim Deed
related
—
Feb 7, 2001
—
Nicholas B Wong
Wong Trust
Quit Claim Deed
related
—
Dec 29, 1977
—
—
—
Grant Deed
related
—
—
—
Wong Trust
—
Deed Of Trust
related
$262,500 · Concord City (ca)
—
—
Edward Wong
—
Deed Of Trust
related
$1,165,000 · Home Savings Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1621 Detroit Ave, Unit 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
