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Property profile & analytics
OFF-MARKET
Estimated value
$7,405,000
Apartment buildings
2925 Escoba Dr Palm Springs, CA 92264-5577
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2939489
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1980
Total area
23,522 SF
Lot
9.86 ac (429,501 SF)
Zoning code
R3
APN
510-030-021
UPID
US09-2939489
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
-
Rockin Executive Ride Chauffeur Service Taxi Service
-
San Jacinto Village Apartments Apartment Building
-
MZL Properties Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.86M
Comparable Approach
Comparable
$9.13M
Blend (final)
Blend
$7.41M
Owner & transaction history
2925 East Escoba Drive LLC · 5 yrs held
2925 East Escoba Drive LLC
since 2021
3 recorded transactions
Zoning & alternative use
R3 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.2M
+18.4%
Warehouse, storage
$9.5M
+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%
$6,345,000
6.5%
$5,860,000
7%
$5,440,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,575,000
Current use
AUTO REPAIR, GARAGE
$10,155,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,540,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$8,525,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$7.41M
Range $6.66M – $8.15M · ±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
$315 / 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
$227,618
Tax year 2024
Assessed value
$14,242,846
Assessed 2024
Previous assessed
$14,242,846
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$2,369,682
Assessed improvement
$11,873,164
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
1980
Heating
NONE
Buildings
2
Stories
2
Units
8
Total area
23,522 SF
Lot
9.86 ac (429,501 SF)
Zoning code
R3
APN
510-030-021
UPID
US09-2939489
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$10.2M
WAREHOUSE, STORAGE
Est. value
$9.5M
RETAIL STORES
Est. value
$8.5M
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
1980
Heating
NONE
Stories
2
Buildings
2
Units
8
Lot
9.86 ac
Current owner
From public records · entity-resolved
2925 East Escoba Drive LLC
Entity
Mailing address
22231 MULHOLLAND HWY, WINNETKA, CA 91306
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2021
—
2925 East Escoba Drive LLC
17834 Burbank In Vestments Partners
Grant Deed
$16,380,000 · Jll Real Estate Capital LLC
—
—
Rose Teichman
—
Deed Of Trust
related
$7,480,000 · Great Western Bank
—
—
17834 Burbank Investments Ptsh
—
Deed Of Trust
related
$8,200,000 · Ing Life Ins & Annunity Co
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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