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Property profile & analytics
OFF-MARKET
Apartment buildings
37156 Palo Verde Dr Cathedral City, CA 92234-7760
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0995943
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.33 ac (14,374 SF)
Zoning code
R302M
APN
687-097-001
UPID
US09-0995943
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
Barry Saywitz Properties Two LP · 10 yrs held
Barry Saywitz Properties Two LP
since 2015
7 recorded transactions
Zoning & alternative use
R302M · 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
$9,501
Tax year 2024
Assessed value
$466,548
Assessed 2024
Previous assessed
$466,548
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$169,442
Assessed improvement
$297,106
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
Heating
NONE
Units
6
Lot
0.33 ac (14,374 SF)
Zoning code
R302M
APN
687-097-001
UPID
US09-0995943
Jurisdiction
RIVERSIDE
Zoning & alternative use
R302M · Cathedral City, CA
Zoning R302M · permitted uses
R302M · 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
Heating
NONE
Units
6
Lot
0.33 ac
Current owner
From public records · entity-resolved
Barry Saywitz Properties Two LP
Entity
Mailing address
4740 VON KARMAN AVE STE #100, NEWPORT BEACH, CA 92660-2172
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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 9, 2020
—
Barry Saywitz Properties Two L
—
Deed
related
$485,000 · First Republic Bk
Oct 14, 2015
$1,225,000
Barry Saywitz Properties Two LP
Karnik Levonian
Grant Deed
$1,155,000 · Banc Of California NA
May 11, 2010
—
Karnik Levonian
Martin A Wass
Grant Deed
$895,000 · Us Bank NA
Jun 3, 2009
—
Dingo Trust
Wass,martin A
Grant Deed
related
—
Sep 26, 2002
$250,000
Martin A Wass
Segovia,jose A
Grant Deed
$148,500 · Jackson Federal Bank
Nov 22, 1994
$24,000
Jose A Segovia
Irvin,jack D & Barbara A
Grant Deed
—
Dec 1, 1988
$131,000
Jack D Irvin
Long Beach S&l
Grant Deed
$108,000 · Long Beach Savings & Loan
Sep 1, 1988
—
Beach S Long
Simons Shelden M
Trustees Deed
related
—
—
—
Jack D Irvin
—
Deed Of Trust
related
$70,000 · Long Beach Savings & Loan
—
—
Martin Wass
—
Deed Of Trust
related
$25,000 · Bcs Investments INC
—
—
Barry Saywitz Properties Two L
—
Deed Of Trust
related
$485,000 · First Republic Bk
—
—
Dingo Trust
—
Deed Of Trust
related
$110,000 · Karl & Karol J Gelbard
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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