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Property profile & analytics
FOR SALE
Apartment buildings
238 S Saturmino Dr Palm Springs, CA 92262
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3232699
For Sale
1 / 28
$1,688,000
238 S Saturmino Dr, Palm Springs, CA 92262
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
5,120 SF
Lot
0.32 ac (13,939 SF)
Zoning code
R2
APN
502-182-003
UPID
US10-3232699
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
$1.28M
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$995k
Owner & transaction history
Peng Liang Oeung
Peng Liang Oeung
since 2026
7 recorded transactions
Zoning & alternative use
R2 · Palm Springs, CA
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 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%
$1,380,000
6.5%
$1,275,000
7%
$1,185,000
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$194 / 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
$16,688
Tax year 2024
Assessed value
$1,229,363
Assessed 2024
Previous assessed
$1,229,363
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$235,132
Assessed improvement
$994,231
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
For Sale
Year built
1963
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Total area
5,120 SF
Lot
0.32 ac (13,939 SF)
Zoning code
R2
APN
502-182-003
UPID
US10-3232699
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.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Lot
0.32 ac
Current owner
From public records · entity-resolved
Peng Liang Oeung
Individual
Mailing address
16272 STAR CRST WAY, FONTANA, CA 92336-1473
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2026
—
Peng Liang Oeung
LP Shopping Plaza LLC
Grant Deed
$845,000 · Ocmbc INC
May 14, 2025
—
LP Shopping Plaza LLC
—
Deed
related
$575,000 · Dmc INC
Jul 25, 2018
$1,122,500
LP Shopping Plaza LLC
Black Elk Properties LLC
Grant Deed
$620,500 · Altura Cu
Sep 30, 2016
—
Black Elk Properties LLC
—
Deed
related
$535,000 · Altura Cu
Oct 26, 2015
$673,000
Black Elk Properties LLC
Khalil,sameh M & Sylvia M
Grant Deed
$525,000 · Private Individual
Oct 26, 2015
—
Maikel Morkos
Abraham,pamela
Quit Claim Deed
related
—
Jul 2, 2008
—
Pnj Holding LLC
Yacoub,peter
Grant Deed
—
Jul 2, 2008
$690,000
Sameh M Khalil
Pnj Holding LLC
Grant Deed
$345,000 · Wells Fargo Bank NA
Jul 28, 2006
—
Stanley T Lange
Flanagan-lange,karen T
Quit Claim Deed
related
—
Jul 28, 2006
$585,000
Peter Yacoub
Dobies C Living Trust
Grant Deed
$438,750 · East West Bank
Oct 29, 2003
—
Stanley W Lange
Dobies,charlotte
Grant Deed
related
—
Apr 8, 2002
—
Donald H Etal Vanliew
Dobies,charlotte
Grant Deed
related
—
—
—
Charlotte Dobies
—
Deed Of Trust
related
$150,000 · Stanley W Lange
—
—
Charlotte Dobies
—
Deed Of Trust
related
$30,000 · Caffery Trust
—
—
Charlotte Dobies
—
Deed Of Trust
related
$40,000 · Michael M Martin Dds Dbp
—
—
Charlotte Dobies
—
Deed Of Trust
related
$100,000 · Quaker City Federal S & L
—
—
Black Elk Properties LLC
—
Deed Of Trust
related
$535,000 · Altura Cu
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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