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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Apartment buildings
29475 Avenida La Paz Cathedral City, CA 92234-9430
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2608777
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1776
Construction
TILT-UP CONCRETE
Total area
3,714 SF
Lot
0.4 ac (17,424 SF)
Zoning code
R2SB
APN
675-231-023
UPID
US10-2608777
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
$755k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$690k
Owner & transaction history
Lynda Novak · 3 yrs held
Lynda Novak
since 2022
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
R2SB · Cathedral City, 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 Cathedral City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cathedral City 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
$745,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$860,000
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $550k (Nov 3 2022)
Last sale anchor
$550k
Nov 3 2022
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
$186 / 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
$10,879
Tax year 2024
Assessed value
$625,800
Assessed 2024
Previous assessed
$625,800
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$139,039
Assessed improvement
$486,761
Applied tax rate
19.0000
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
1776
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Total area
3,714 SF
Lot
0.4 ac (17,424 SF)
Zoning code
R2SB
APN
675-231-023
UPID
US10-2608777
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2SB · Cathedral City, CA
Zoning R2SB · permitted uses
R2SB · Cathedral City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cathedral City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1776
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Lynda Novak
Individual
Mailing address
11042 ESTACIA LN, YUCAIPA, CA 92399-9628
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
—
Lynda Novak
Lynda Novak
Intrafamily Transfer
related
—
Oct 13, 2022
—
Lynda Novak
Michael Novak
Affidavit Of Death Of Joint Tenant
related
—
Apr 26, 2017
$550,000
Michael Novak
Dewey,paul C
Grant Deed
—
Jun 24, 1996
$350,000
Mirage Homes INC
Palm Springs Savings Bank
Grant Deed
$280,000 · Palm Springs Savings Bank
Mar 14, 1996
$175,000
Palm Springs Savings Bank
Strate,scott R & Karen J
Trustees Deed
related
—
May 1, 1989
—
Strate Scott R
—
Grant Deed
related
$224,000 · Palm Springs Savings Bank
Jan 1, 1989
$22,000
Scott Strate
Basler Ronald A
Grant Deed
—
—
—
Paul C Dewey
—
Deed Of Trust
related
$180,000 · Canyon National Bank
—
—
Paul C Dewey
—
Deed Of Trust
related
$180,000 · Indymac Bank Fsb
—
—
Mirage Homes INC
—
Deed Of Trust
related
$50,000 · Hemet Federal Savings & Loan
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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