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Property profile & analytics
OFF-MARKET
Estimated value
$22,255,000
Apartment buildings
2801 Avery Dr Palm Springs, CA 92264-8700
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1905076
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD
Total area
112,320 SF
Lot
6.78 ac (295,336 SF)
Zoning code
R3
APN
502-310-050
UPID
US09-1905076
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
Current use
Occupant on record · Public records
-
Park Apartments - FML Management Apartment Building Apartment Complex
-
Palm Springs Wedding photographer Photography Service (Bike/Boat/Book/etc) Store
-
Takahashi Photography Wedding Service Photography Service
-
Vigil Computers Tech Support Center (Bike/Boat/Book/etc) Store
-
Montoro Development Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.97M
Comparable Approach
Comparable
$23.61M
Blend (final)
Blend
$22.26M
Owner & transaction history
Mort Laski · 2 yrs held
Mort Laski
since 2023
4 recorded transactions
Zoning & alternative use
R3 · 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%
$30,300,000
6.5%
$27,970,000
7%
$25,970,000
Blend value · Realmo final
$22.26M
Range $20.03M – $24.48M · ±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
$198 / 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
$190,978
Tax year 2024
Assessed value
$12,993,312
Assessed 2024
Previous assessed
$12,993,312
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$2,644,015
Assessed improvement
$10,349,297
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 (100+ UNITS)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
3
Total area
112,320 SF
Lot
6.78 ac (295,336 SF)
Zoning code
R3
APN
502-310-050
UPID
US09-1905076
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.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
3
Lot
6.78 ac
Current owner
From public records · entity-resolved
Mort Laski
Individual
Free & Clear · 2 yrs held
Mailing address
12650 RIVERSIDE DR STE #203, VALLEY VILLAGE, CA 91607-3445
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
—
Mort Laski
Mort Laski
Intrafamily Transfer
related
—
Aug 16, 2013
$10,700,000
Ehrlich 1979 Trust
Ehrlich Marcia Trust
Grant Deed
—
Oct 9, 2012
—
Ehrlich Marcia Trust
Ehrlich Richard Trust
Quit Claim Deed
related
—
Aug 8, 2011
—
Ehrlich Richard Bypass Trust
Ehrlich Family 1985 Trust
Quit Claim 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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