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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Apartment buildings
1945 Calle Lileta Palm Springs, CA 92262-7100
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0991988
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
WOOD
Total area
4,360 SF
Lot
0.3 ac (13,068 SF)
Zoning code
R2
APN
502-182-001
UPID
US09-0991988
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
$1.36M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$974k
Blend (final)
Blend
$1.33M
Owner & transaction history
Bernard F Alfs · 1 yrs held
Bernard F Alfs
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
R2 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+2.5%
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 Palm Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
$1,370,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,010,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,835,000
Current use
AUTO REPAIR, GARAGE
$1,885,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,505,000
Change: -18% · Conversion: Difficult
RETAIL STORES
$1,480,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.58M (Mar 12 2025)
Last sale anchor
$1.58M
Mar 12 2025
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
$304 / 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
$10,443
Tax year 2024
Assessed value
$736,418
Assessed 2024
Previous assessed
$736,418
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$153,173
Assessed improvement
$583,245
Applied tax rate
11.0000
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
1991
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Total area
4,360 SF
Lot
0.3 ac (13,068 SF)
Zoning code
R2
APN
502-182-001
UPID
US09-0991988
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Palm Springs, CA
Zoning R2 · permitted uses
R2 · Palm Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1991
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Lot
0.3 ac
Current owner
From public records · entity-resolved
Bernard F Alfs
Individual
Free & Clear · 1 yrs held
Mailing address
2324 S BROADMOOR DR, PALM SPRINGS, CA 92264-5906
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 12, 2025
$1,575,000
Bernard F Alfs
Steven Badeau
Grant Deed
—
Sep 19, 2024
—
Steven Badeau
—
Deed
related
$465,000 · Us Bank NA
Aug 20, 2019
—
Steven Badeau
James Mcconville
Intrafamily Transfer
related
$420,000 · Provident Savings Bank
Aug 29, 2014
$625,000
Steven Badeau
Sindall Frank G III Trust
Grant Deed
$350,000 · Provident Savings Bank
Jul 11, 2014
—
Bruce R Durkee
Sindall,frank G III
Affidavit Of Death
related
—
Jan 26, 2005
—
Frank G Sindall III
Frank G Sindall III
Intrafamily Transfer
related
—
Jan 15, 2002
—
Frank G Etal Sindall
Sindall,frank G
Quit Claim Deed
related
—
Apr 8, 1999
$262,000
Frank G Sindall
Guadagno Trust
Grant Deed
$196,500 · Hemet Federal Savings & Loan
Nov 8, 1996
—
Luigi G Etal Guadagno
Guadagno,luigi G Etux
Quit Claim Deed
related
—
Mar 29, 1996
$235,000
Luigi G Guadagno
Palm Springs Savings Bank
Grant Deed
$188,000 · Palm Springs Savings Bank
Mar 14, 1996
$235,000
Palm Springs Savings Bank
Yoosefian,k G
Trustees Deed
related
—
Jul 20, 1993
—
Rafik Moradian
Yoosefian,k G
Quit Claim Deed
related
—
Jul 31, 1991
—
K G Yoosefian
—
Grant Deed
related
$259,500 · Palm Springs Savings Bank
Jul 1, 1990
—
K G Yoosefian
—
Grant Deed
related
$250,500 · Palm Springs Savings Bank
—
—
Frank G Sindall
—
Deed Of Trust
related
$378,000 · Frontier 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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