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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Apartment buildings
1636 Clayton Rd Concord, CA 94520-3385
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0158532
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
5,728 SF
Lot
0.19 ac (8,256 SF)
Zoning code
M1
APN
128-010-038-7
UPID
US09-0158532
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
$2.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.64M
Owner & transaction history
Pueblo Property Holdings LLC · 3 yrs held
Pueblo Property Holdings LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+50.4%
Medical building
$2.1M
+24.9%
Commercial (general)
$2.0M
+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
$2,710,000
ML approach
$2,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,665,000
Current use
RESTAURANT
$2,505,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$2,080,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,995,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$1,910,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.59M (Oct 20 2022)
Last sale anchor
$2.59M
Oct 20 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
$461 / 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
$36,196
Tax year 2024
Assessed value
$2,639,250
Assessed 2024
Previous assessed
$2,639,250
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$816,000
Assessed improvement
$1,823,250
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
1961
Heating
NONE
Stories
1
Units
8
Rooms
8
Total area
5,728 SF
Lot
0.19 ac (8,256 SF)
Zoning code
M1
APN
128-010-038-7
UPID
US09-0158532
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
$1.7M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1961
Heating
NONE
Stories
1
Units
8
Rooms
8
Lot
0.19 ac
Current owner
From public records · entity-resolved
Pueblo Property Holdings LLC
Entity
Mailing address
6937 VLG PKWY UNIT #2949, DUBLIN, CA 94568-6044
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
$2,587,500
Pueblo Property Holdings LLC
1636 Apt LLC
Grant Deed
—
Jun 7, 2021
—
1636 Apt LLC
Vahab Chalak
Grant Deed
—
Dec 3, 2018
—
Mely Balili
Chalak,vahab
Quit Claim Deed
—
Oct 9, 2014
—
Vahab Chalak
Balili,mely C
Quit Claim Deed
related
—
Mar 25, 2013
—
Vahab Chalak
Balili,mely C
Grant Deed
related
—
Jan 19, 2010
$580,000
Mely C Balili
Chalak,ashley
Grant Deed
—
Jul 14, 2009
—
Vahab Chalak
City Home Apartment LLC
Grant Deed
—
Dec 31, 2008
—
City Home Apartment LLC
Chalak,vahab
Grant Deed
—
Sep 22, 2006
$1,215,000
Vahab Chalak
Chin Family Living Trust
Grant Deed
—
Jul 1, 2004
—
Chin,tr
Chapman,jim & Nancy
Grant Deed
related
$623,500 · United Commercial Bank
Jun 25, 2004
—
Jim Chapman
Gateway Manor LP
Grant Deed
related
—
Sep 20, 2002
$108,409
Gateway Manor LLC
Chapman,james A & Nancy A
Grant Deed
$1,312,500 · Washington Mutual Fsb
May 9, 2001
$850,000
James A Chapman
Harris,doris M
Grant Deed
$600,000 · James A & Nancy A Chapman
—
—
George C Harris
—
Deed Of Trust
related
$178,000 · Shearson Lehman Hutton Mtg Co
—
—
George C Harris
—
Deed Of Trust
related
$268,000 · Individual
Jun 11, 1965
—
George C Harris
—
Grant Deed
related
—
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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