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Property profile & analytics
OFF-MARKET
Estimated value
$19,925,000
Apartment buildings
1770 Adelaide St 101 Concord, CA 94520-3251
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0482045
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Total area
49,953 SF
Lot
1.76 ac (76,666 SF)
Zoning code
M1
APN
126-250-038-0
UPID
US09-0482045
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
-
Pasiones Latinas Radio Online & Revista Radio Station Telecommunications Service
-
Sunset Pines Apartments Apartment Building
-
Best Attic General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.19M
Comparable Approach
Comparable
$19.42M
Blend (final)
Blend
$19.93M
Owner & transaction history
Eden Sunset Pines LLC · 3 yrs held
Eden Sunset Pines LLC
since 2023
Last sale
$22.2M
7 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.8M
+50.4%
Medical building
$18.1M
+24.9%
Commercial (general)
$17.4M
+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
$23,690,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,205,000
6.5%
$12,190,000
7%
$11,320,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,525,000
Current use
RESTAURANT
$21,845,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$18,145,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,385,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$16,665,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,245,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$12,195,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$19.93M
Range $17.93M – $21.92M · ±10% · vs last sale $22.16M (Jun 30 2023)
Last sale anchor
$22.16M
Jun 30 2023
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
$399 / 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
$308,878
Tax year 2024
Assessed value
$22,648,956
Assessed 2024
Previous assessed
$22,648,956
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$7,140,000
Assessed improvement
$15,508,956
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
Stories
1
Units
69
Rooms
69
Total area
49,953 SF
Lot
1.76 ac (76,666 SF)
Zoning code
M1
APN
126-250-038-0
UPID
US09-0482045
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
$14.5M
RESTAURANT
Est. value
$21.8M
MEDICAL BUILDING
Est. value
$18.1M
COMMERCIAL (GENERAL)
Est. value
$17.4M
OFFICE BUILDING
Est. value
$16.7M
AUTO REPAIR, GARAGE
Est. value
$13.2M
RETAIL STORES
Est. value
$12.2M
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
Units
69
Rooms
69
Lot
1.76 ac
Current owner
From public records · entity-resolved
Eden Sunset Pines LLC
Entity
Mailing address
22645 GRAND ST, HAYWARD, CA 94541-5031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
$22,157,500
Eden Sunset Pines LLC
Sunset Pines Apts LLC
Grant Deed
$16,164,000 · Enterprise Community Loan Fund INC
Dec 31, 2019
—
Sunset Pines Apts R LLC
Sunset Pines Apts LLC
Intrafamily Transfer
related
$12,350,000 · First Republic Bank
Jul 31, 2012
$7,115,000
Sunset Pines Apts LLC
Worthy Family Trust
Grant Deed
$4,634,500 · First Republic Bank
Sep 25, 2001
—
Worthy Trust
Worthy,stephen L & Roxanne
Quit Claim Deed
related
—
Feb 9, 1999
$4,525,000
Stephen L Worthy
General Western Sunset Co
Grant Deed
$3,170,000 · Financial Inst Partners Mtg
—
—
Worthy,tr
—
Deed Of Trust
related
$4,700,000 · Financial Inst Partners Mtg
—
—
General Western
—
Deed Of Trust
related
$385,000 · Individual
—
—
General Western Sunset Co
—
Deed Of Trust
related
$2,000,000 · American Savings 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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