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    2980 Ranchero Dr Palm Springs, CA 92262-7934
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    Property profile & analytics

    2980 Ranchero Dr, Palm Springs, CA 92262-7934

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    • Apartment buildings
    • 7,697 SF
    • 0.49 lot acres
    Off-Market
    Last Sale Nov 4, 2022
    $2,925,000
    Property ID
    US10-1879534
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $3,005,000
    Show details
    Cap Rate Potential
    3.1%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2980 Ranchero Dr

    Year built
    1972
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Zone code
    R2
    Property type
    Apartment buildings
    APN
    502-252-006
    APU
    502252006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 4, 2022 $2,925,000 Cedar Glen Lodge LLC Mohammad Iqbal Admani Grant Deed
    Mar 1, 2021 $2,425,000 Mohammad Iqbal Admani Charles L Moore Grant Deed $1.2M · Provident Savings Bank
    Mar 1, 2021 Mohammad Iqbal Admani Deed · related $243k · The Charles L Moore Separate Property T
    May 18, 2018 $1,905,000 Moore,c L Separate Property Trust T & J Land Holdings LLC Grant Deed
    Dec 17, 2010 $950,000 T & J Land Holdings LLC Phillip Foster Grant Deed $670k · Wells Fargo Bank NA
    Mar 22, 2006 $1,155,000 Phillip Foster Rosengrant,mark A Grant Deed $535k · Citibank West Fsb
    Sep 1, 2004 $1,020,000 Mark A Rosengrant Diaz,michael A Grant Deed $695k · Mission FCU
    Jun 12, 2003 Michael A Diaz Diaz,michael A Quit Claim Deed · related
    May 31, 2000 $575,000 Michael A Diaz Simon,louie & Julianna Grant Deed $325k · Washington Mutual Fsb
    Oct 1, 1997 $360,000 Louie Simon Barraco,joseph A Grant Deed
    Michael A Diaz Deed Of Trust · related $30k · Individual
    Michael A Diaz Deed Of Trust · related $448k · Provident Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,960,000
      ML approach
      $3,780,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,075,000
      6.5%
      $1,915,000
      7%
      $1,780,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,946,000
      Market price range: $1.59M - $4.80M
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,245,000
      Current use
      RESTAURANT
      $4,780,000
      Change: +47% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,325,000
      Change: +2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,660,000
      Change: -18% Conversion: Difficult
      RETAIL STORES
      $2,615,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.513
    Latitude
    33.8172
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $38,514
    $510,000
    $2,473,500
    $2,983,500
    -
    $0.00
    $0.00
    $0.00
    More about this property
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