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Property profile & analytics
OFF-MARKET
Estimated value
$5,095,000
Apartment buildings
380 Sunrise Way Palm Springs, CA 92262-6570
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2970431
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
TILT-UP CONCRETE
Total area
36,866 SF
Lot
0.8 ac (34,848 SF)
Zoning code
R2
APN
502-022-010
UPID
US09-2970431
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
Current use
Occupant on record · Public records
-
R P Management Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.10M
Owner & transaction history
Pl Properties No 15 LLC · 1 yrs held
Pl Properties No 15 LLC
since 2025
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
R2 · Palm Springs, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$138 / 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
$31,795
Tax year 2024
Assessed value
$1,869,026
Assessed 2024
Previous assessed
$1,869,026
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$328,729
Assessed improvement
$1,540,297
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 (5+ UNITS)
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Units
36
Total area
36,866 SF
Lot
0.8 ac (34,848 SF)
Zoning code
R2
APN
502-022-010
UPID
US09-2970431
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Palm Springs, CA
Zoning R2 · permitted uses
R2 · 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.
Building & site characteristics
From public records
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Units
36
Lot
0.8 ac
Current owner
From public records · entity-resolved
Pl Properties No 15 LLC
Entity
Mailing address
4111 E MADISON ST #490, SEATTLE, WA 98112-3241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
$5,130,000
Pl Properties No 15 LLC
Cornerstone Associates LLC
Grant Deed
$3,080,000 · First Citizens Bank & Trust Co
Nov 3, 2020
—
Cornerstone Associates LLC
—
Deed
related
$2,917,000 · Sabal Capital II LLC Sabal Capital II LLC
Feb 13, 2015
—
Cornerstone Associates LLC
Cornerstone Associates LLC
Grant Deed
related
$2,100,000 · Cathay Bank
May 30, 2003
—
Cornerstone Associates LLC
Web Service
Quit Claim Deed
related
$1,370,000 · Washington Mutual Fsb
Jul 14, 1997
$1,183,500
Cornerstone Apartments LLC
Barraco,joseph A
Grant Deed
$937,500 · Us Bank
Aug 25, 1995
$30,500
Joseph A Barraco
Mitchell,john W
Grant Deed
related
—
—
—
Cornerstone Associates LLC
—
Deed Of Trust
related
$1,370,000 · J P Morgan Chase Bank
—
—
Cornerstone Associates LLC
—
Deed Of Trust
related
$2,917,000 · Sabal Capital II LLC Sabal Capital II LLC
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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