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Property profile & analytics
OFF-MARKET
Apartment buildings
501 Civic Dr 531 Walnut Creek, CA 94597-3219
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4958565
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
17,448 SF
Lot
1.25 ac (54,537 SF)
APN
173-020-037-3
UPID
US09-4958565
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alta Belle Creeek I LLC · 2 yrs held
Alta Belle Creeek I LLC
since 2023
Last sale
$58.0M
7 recorded transactions
Zoning & alternative use
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 Walnut Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut Creek 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
—
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
$110,203
Tax year 2024
Assessed value
$8,479,000
Assessed 2024
Previous assessed
$8,479,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$4,663,400
Assessed improvement
$3,815,600
Applied tax rate
9.0000
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
1971
Heating
NONE
Buildings
3
Stories
1
Units
24
Rooms
24
Total area
17,448 SF
Lot
1.25 ac (54,537 SF)
APN
173-020-037-3
UPID
US09-4958565
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
1
Buildings
3
Units
24
Rooms
24
Lot
1.25 ac
Current owner
From public records · entity-resolved
Alta Belle Creeek I LLC
Entity
Mailing address
133 W DE LA GUERRA ST, SANTA BARBARA, CA 93101-3225
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
$57,956,500
Alta Belle Creeek I LLC
The Boulders Apartments
Grant Deed
$41,272,000 · Federal National Mortgage Associati
Dec 3, 2018
—
Boulders Apartments
—
Grant Deed
related
$41,272,000 · Prudential Multifamily Mtg
Aug 31, 2006
—
Sequoia Apartments
Shadow Oaks Investors Ltd
Grant Deed
—
Dec 27, 1972
$470,000
Shadow Oaks Investors Ltd Trust
—
Grant Deed
related
—
Dec 27, 1972
—
Owner Name Unavailable
—
Grant Deed
related
—
Dec 30, 1971
—
Owner Name Unavailable
—
Grant Deed
related
—
—
—
Sequoia Apartments
—
Deed Of Trust
related
$23,000,000 · Connecticut General Life Ins
—
—
Boulders Apartments
—
Deed Of Trust
related
$28,333,000 · Guardian Life Insurance Co
—
—
Shadow Oaks Investors Ltd
—
Deed Of Trust
related
$7,000,000 · Bankers Mutual Mortgage INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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