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Property profile & analytics
OFF-MARKET
Hotels
424 Palm Cyn Dr, Palm Springs, CA 92264-8806
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3263520
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1952
Construction
WOOD
Total area
3,582 SF
Lot
0.37 ac (16,117 SF)
APN
508-353-039
UPID
US09-3263520
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
-
Hotel California Hotel & Motel Resort
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
424 E Palm Canyo LLC · 7 yrs held
424 E Palm Canyo LLC
since 2019
7 recorded transactions
Zoning & alternative use
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
—
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
$44,953
Tax year 2024
Assessed value
$3,598,092
Assessed 2024
Previous assessed
$3,598,092
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$524,949
Assessed improvement
$3,073,143
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
3,582 SF
Lot
0.37 ac (16,117 SF)
APN
508-353-039
UPID
US09-3263520
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1952
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
424 E Palm Canyo LLC
Entity
Mailing address
823 N HBR BLVD, FULLERTON, CA 92832-1521
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
—
424 E Palm Canyon LLC
—
Deed
related
$150,000 · Gemcrest LLC
May 11, 2022
—
424 E Palm Canyon LLC
—
Deed
related
$3,000,000 · Calprivate Bank
Jun 11, 2019
—
424 E Palm Canyo LLC
O Rhyan Capital Management LLC
Quit Claim Deed
—
Jan 31, 2019
$3,375,000
O Rhyan Capital Mgmt LLC
Purdy Unlimited INC
Grant Deed
$2,531,250 · Gf Cap
Mar 16, 2012
$1,025,000
Purdy Unlimited INC
Thompson S Living Trust
Grant Deed
$750,000 · Pacific Western Bank
Mar 16, 2012
—
Sherry L Thompson
Thompson,weldon E
Affidavit Of Death
related
—
Aug 23, 2011
—
Thompson Sherry L Living Trust
Thompson,sherry L
Quit Claim Deed
related
—
Oct 18, 2010
—
Sherry L Thompson
Thompson,weldon E
Affidavit Of Death
related
—
—
—
Weldon E Thompson
—
Deed Of Trust
related
$700,000 · Pacific Western Bank
—
—
Purdy Unlimited INC
—
Deed Of Trust
related
$150,000 · Jerry D Loring
—
—
Purdy Ltd INC
—
Deed Of Trust
related
$290,527 · Sherry L Thompson
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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