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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Apartment buildings
280 Mel Ave Palm Springs, CA 92262-4817
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0978603
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1942
Construction
WOOD
Total area
2,032 SF
Lot
0.48 ac (20,908 SF)
Zoning code
R3
APN
507-061-011
UPID
US09-0978603
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
$2.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.66M
Owner & transaction history
Amarnath LLC
Amarnath LLC
since 2025
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
R3 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+143.0%
Neighborhood: shopping center
$1.8M
+104.3%
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
$2,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,080,000
Change: +143% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,750,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.70M (Aug 6 2025)
Last sale anchor
$1.70M
Aug 6 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
$814 / 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
$32,250
Tax year 2024
Assessed value
$2,251,621
Assessed 2024
Previous assessed
$2,251,621
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$461,045
Assessed improvement
$1,790,576
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
1942
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
2,032 SF
Lot
0.48 ac (20,908 SF)
Zoning code
R3
APN
507-061-011
UPID
US09-0978603
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Palm Springs, CA
Zoning R3 · permitted uses
R3 · 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
COMMERCIAL (GENERAL)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1942
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Amarnath LLC
Entity
Mailing address
11423 LEMONWOOD DR, DENHAM SPGS, LA 70726-6093
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
$1,700,000
Amarnath LLC
Ccf Nevada Investments LLC
Grant Deed
$1,600,000 · Ccf Nevada Invesments LLC
Apr 16, 2025
$635,000
Ccf Nevada Investments LLC
280 Mel Ave LLC
Trust Deed
related
—
Feb 6, 2025
$2,108,813
Ccf Nevada Investments LLC
280 Mel Ave LLC
Trust Deed
related
—
Nov 27, 2019
$2,720,000
280 Mel Ave LLC
Jump Management Company LLC
Grant Deed
$2,420,500 · Ccf Nevada Investments LLC
Mar 8, 2018
—
Jump Mgmt Co LLC
Ascension Partners LLC
Deed In Lieu Of Foreclosure
related
—
Aug 1, 2017
—
Ascension Partners LLC
Ascension Treatment Centers
Quit Claim Deed
$1,099,944 · Jump Management Co LLC
Jul 18, 2016
$1,175,000
Ascension Treatment Ctrs LLC
Smudsky,edward T
Grant Deed
$889,750 · Edward T Smudsky
Jul 30, 2012
$1,001,000
Edward T Smudsky
Posada Palms Investments LLC
Grant Deed
—
Mar 27, 2003
$850,000
Posada Palms Investments LLC
Beckinger,tr
Grant Deed
$485,000 · Beckinger Trust
Oct 22, 2001
$755,000
Beckinger Trust
Maloney,thomas P & Ana G
Grant Deed
$155,000 · Thomas P & Ana G
May 28, 1999
$385,000
Thomas P Maloney
Crown American Bank
Grant Deed
$360,000 · Imperial Bank
Jun 25, 1998
—
Raffles
Rushton,barry C Etal
Quit Claim Deed
related
—
Jul 9, 1993
—
Rushton Trust
Rushton Trust
Quit Claim Deed
related
$160,000 · Flintridge Mtg
—
—
Rushton Trust
—
Deed Of Trust
related
$225,000 · Imperial Bank
—
—
Posada Palms Investments LLC
—
Deed Of Trust
related
$615,000 · Community National Bank
—
—
Posada Palms Investments LLC
—
Deed Of Trust
related
$858,000 · Interbay Funding LLC
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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