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Property profile & analytics
OFF-MARKET
Apartment buildings
33141 Shifting Sands Trl Cathedral City, CA 92234-4475
Trust Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0898958
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1776
Construction
TILT-UP CONCRETE
Total area
2,702 SF
Lot
0.42 ac (18,295 SF)
Zoning code
A2
APN
680-350-057
UPID
US09-0898958
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Frank J Walters Revocable Trust · 3 yrs held
Frank J Walters Revocable Trust
since 2023
7 recorded transactions
Zoning & alternative use
A2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,234
Tax year 2024
Assessed value
$345,790
Assessed 2024
Previous assessed
$345,790
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$84,515
Assessed improvement
$261,275
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
2
Units
5
Total area
2,702 SF
Lot
0.42 ac (18,295 SF)
Zoning code
A2
APN
680-350-057
UPID
US09-0898958
Jurisdiction
RIVERSIDE
Zoning & alternative use
A2 · Cathedral City, CA
Zoning A2 · permitted uses
A2 · 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
2
Units
5
Lot
0.42 ac
Current owner
From public records · entity-resolved
Frank J Walters Revocable Trust
Trust
Mailing address
PO BOX 21947, SEATTLE, WA 98111-3947
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
—
Frank J Walters Revocable Trust
Kirsten S Noble
Correction Deed
related
—
Mar 2, 2023
—
Partners In Care
Frank J Walters
Quit Claim Deed
related
—
Jan 15, 2003
—
Walters,f Etal
Walters,f Etal
Quit Claim Deed
related
—
Jun 2, 1999
$148,500
Frank J Walters
Lane Trust
Grant Deed
related
$81,283 · Seller
May 1, 1991
$132,000
Lane Trust
Spring Valley Lt
Grant Deed
related
—
Sep 1, 1988
$170,000
Spring Valley Lt
Halleck Thomas G
Trustees Deed
related
—
—
—
Spring Valley Lt
—
Deed Of Trust
related
$21,759
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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