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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Apartment buildings
230 Avenida Olancha Palm Springs, CA 92264-8478
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-0535481
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
6,789 SF
Lot
0.48 ac (20,908 SF)
Zoning code
R2
APN
508-345-007
UPID
US09-0535481
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
$1.69M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.67M
Owner & transaction history
Casa Olancha LLC · 1 yrs held
Casa Olancha LLC
since 2025
7 recorded transactions
Zoning & alternative use
R2 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.8M
+11.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,830,000
6.5%
$1,690,000
7%
$1,570,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,475,000
Current use
WAREHOUSE, STORAGE
$2,755,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,460,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±10%
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
$246 / 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
$15,756
Tax year 2024
Assessed value
$1,111,068
Assessed 2024
Previous assessed
$1,111,068
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$237,117
Assessed improvement
$873,951
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Units
8
Total area
6,789 SF
Lot
0.48 ac (20,908 SF)
Zoning code
R2
APN
508-345-007
UPID
US09-0535481
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
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Units
8
Lot
0.48 ac
Current owner
From public records · entity-resolved
Casa Olancha LLC
Entity
Mailing address
PO BOX 442, VASHON, WA 98070-0442
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
Casa Olancha LLC
Mark H Sidran
Quitclaim Deed
related
—
Sep 19, 2002
$940,000
Mark H Sidran
Kuglen,charles
Grant Deed
$640,000 · Abn Amro Mortgage Group INC
Apr 28, 2000
$590,000
Charles Kuglen
Klapper,meier
Grant Deed
$442,500 · Abn Amro Mortgage Group INC
Apr 6, 1999
$175,000
Meir Klapper
Pilip,barry F
Grant Deed
—
Jan 5, 1998
$110,000
Barry P Pilip
Kasparek Trust
Grant Deed
related
—
Jan 2, 1997
$370,000
Kasparek Trust
Johnson Trust
Grant Deed
$300,000 · Johnson Trust
Dec 8, 1993
—
Frans L Etal Johnson
Johnson,frans L
Quit Claim Deed
related
—
Apr 1, 1989
$240,000
Constantine Coty
Sunbird Financia
Grant Deed
—
Mar 1, 1989
—
Sunbird Financia
Flj Consulting
Grant Deed
related
—
Feb 1, 1989
$455,000
Shain Richard C
Sunbird Financia
Trustees Deed
—
Feb 1, 1989
—
Sunbird Financia
Rose Elliott H
Trustees 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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