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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Apartment buildings
4086 Calle De Carlos Palm Springs, CA 92264-1261
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2432601
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
3,120 SF
Lot
0.23 ac (10,018 SF)
Zoning code
NRIC
APN
680-044-006
UPID
US09-2432601
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
$775k
Comparable Approach
Comparable
$769k
Blend (final)
Blend
$745k
Owner & transaction history
Tristani,michael G Trust · 7 yrs held
Tristani,michael G Trust
since 2018
7 recorded transactions
Zoning & alternative use
NRIC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,135,000
Current use
RETAIL STORES
$1,130,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$239 / 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
$9,244
Tax year 2024
Assessed value
$657,825
Assessed 2024
Previous assessed
$657,825
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$200,792
Assessed improvement
$457,033
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Total area
3,120 SF
Lot
0.23 ac (10,018 SF)
Zoning code
NRIC
APN
680-044-006
UPID
US09-2432601
Jurisdiction
RIVERSIDE
Zoning & alternative use
NRIC · Palm Springs, CA
Zoning NRIC · permitted uses
NRIC · 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
$1.1M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Lot
0.23 ac
Current owner
From public records · entity-resolved
Tristani,michael G Trust
Trust
Mailing address
5309 MARLBOROUGH DR, SAN DIEGO, CA 92116-2038
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
—
Tristani,michael G Trust
Calle De Carlos LLC
Quit Claim Deed
related
—
Mar 9, 2018
—
Calle De Carlos LLC
Trsitani Michael G Trust
Quit Claim Deed
related
—
Dec 4, 2017
$580,000
Michael G Tristani
John Anthony Bonanno
Grant Deed
$148,000 · Us Bank NA
Aug 15, 2008
$420,000
Bonanno Family Living Trust
Cassle Mark D Trust
Grant Deed
—
Aug 8, 2002
—
Mark D Etal Cassle
Cassle,mark D
Quit Claim Deed
related
—
Sep 20, 1999
$84,500
Mark Cassle
Stickles Trust
Grant Deed
$150,300 · Seller
May 24, 1996
—
Stickles,fmly Tr
Barrena,frank A Etal
Grant Deed
related
—
—
—
Cassle,tr
—
Deed Of Trust
related
$150,000 · Community Commerce Bank
—
—
Cassle Mark D Trust
—
Deed Of Trust
related
$115,000 · Jmj Funding Group
—
—
Cassle Mark D Trust
—
Deed Of Trust
related
$238,000 · Community Commerce Bank
—
—
Cassle Mark D Trust
—
Deed Of Trust
related
$30,000 · Richard A Karp
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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