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Property profile & analytics
OFF-MARKET
Estimated value
$10,685,000
Apartment buildings
341 Sunrise Way Palm Springs, CA 92262-0832
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0162979
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1972
Construction
WOOD
Total area
35,335 SF
Lot
3.9 ac (169,884 SF)
Zoning code
R4
APN
508-110-052
UPID
US09-0162979
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
$8.80M
Comparable Approach
Comparable
$10.57M
Blend (final)
Blend
$10.69M
Owner & transaction history
Palm Springs Realty Hldgs LLC · 7 yrs held
Palm Springs Realty Hldgs LLC
since 2019
7 recorded transactions
Zoning & alternative use
R4 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.3M
+2.5%
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%
$9,535,000
6.5%
$8,800,000
7%
$8,170,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,890,000
Current use
AUTO REPAIR, GARAGE
$15,255,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,210,000
Change: -18% · Conversion: Difficult
RETAIL STORES
$12,005,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$10.69M
Range $9.62M – $11.75M · ±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
$302 / 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
$323,260
Tax year 2024
Assessed value
$22,868,137
Assessed 2024
Previous assessed
$22,868,137
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$3,346,555
Assessed improvement
$19,521,582
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
1972
Construction
WOOD
Heating
NONE
Buildings
3
Stories
3
Units
7
Bathrooms
1
Total area
35,335 SF
Lot
3.9 ac (169,884 SF)
Zoning code
R4
APN
508-110-052
UPID
US09-0162979
Jurisdiction
RIVERSIDE
Zoning & alternative use
R4 · Palm Springs, CA
Zoning R4 · permitted uses
R4 · 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
$14.9M
AUTO REPAIR, GARAGE
Est. value
$15.3M
WAREHOUSE, STORAGE
Est. value
$12.2M
RETAIL STORES
Est. value
$12.0M
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
1972
Construction
WOOD
Heating
NONE
Stories
3
Buildings
3
Units
7
Bathrooms
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Palm Springs Realty Hldgs LLC
Entity
Mailing address
1600 ROSECRANS AVE1A#203, MANHATTAN BCH, CA 90266-3708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Palm Springs Realty Holdings LLC
—
Deed
related
$35,000,000 · Signature Bank
Apr 30, 2019
—
Palm Springs Realty Hldgs LLC
Sunrise Way Multi
Grant Deed
$20,316,000 · Greystone Svcg
Aug 30, 2017
$20,500,000
Sunrise Way Multi LLC
311 South Sunrise Apts LLC
Grant Deed
related
$16,361,000 · Greystone Svcg
Jun 12, 2017
—
311 South Sunrise Apartments L
—
Deed
related
$8,575,000 · Comerica Bk
May 23, 2013
$10,300,000
South Sunrise Apartments L 311
Crevi II Sunrise Palm I LLC
Grant Deed
$8,575,000 · Comerica Bank
Dec 30, 2010
—
Crevi II Sunrise Palm I LLC
Sunrise Palms Associates LLC
Deed In Lieu Of Foreclosure
related
—
Jul 22, 2005
$15,700,000
Sunrise Palms Associates LLC
Kw Pccp Sunrise LLC
Grant Deed
$11,000,000 · Central Pacific Bank
Sep 29, 2003
$12,700,000
Kw Pccp Sunrise LLC
Morgenstern,tr
Grant Deed
$11,400,000 · Merrill Lynch Capital Services
May 7, 1999
$820,000
Morgenstern Trust
Whelan,john F
Grant Deed
$520,000 · Seller
Mar 1, 1994
—
Morgenstern Wolfgang A Alice A
Home Sav America
Grant Deed
related
—
Jan 11, 1993
$5,160,000
Sav America Home
Jogani,shashikan
Trustees Deed
related
—
—
—
311 South Sunrise Apartments L
—
Loan Modification
related
$8,575,000 · Comerica Bk
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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