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Property profile & analytics
FOR SALE
Hotels
450 S Palm Canyon Dr Palm Springs, CA 92262
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2832004
For Sale
1 / 12
Contact for pricing
450 S Palm Canyon Dr, Palm Springs, CA 92262
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1946
Construction
WOOD
Total area
1,944 SF
Lot
0.61 ac (26,571 SF)
Zoning code
R3
APN
508-353-007
UPID
US09-2832004
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
-
Churrasco Brazilian Steakhouse Restaurant
-
Gypsy Rose Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Cpsca Hotel Group LLC · 2 yrs held
Cpsca Hotel Group LLC
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
R3 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $3.25M (Sep 1 2023)
Last sale anchor
$3.25M
Sep 1 2023
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
$1,160 / 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
$45,805
Tax year 2024
Assessed value
$3,418,812
Assessed 2024
Previous assessed
$3,418,812
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$730,000
Assessed improvement
$2,688,812
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
For Sale
Year built
1946
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
3
Total area
1,944 SF
Lot
0.61 ac (26,571 SF)
Zoning code
R3
APN
508-353-007
UPID
US09-2832004
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Palm Springs, CAZoning R3 · permitted uses
R3 · Palm Springs, CA
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
1946
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
3
Lot
0.61 ac
Current owner
From public records · entity-resolved
Cpsca Hotel Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3212 RDG PARK CT, LONG BEACH, CA 90804-1200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Cpsca Hotel Group LLC
—
Deed
related
$5,000,000 · Mega Bank
Sep 1, 2023
$3,250,000
Cpsca Hotel Group LLC
Daystar Hotels LLC
Grant Deed
—
Jun 25, 2021
$1,744,287
Daystar Hotels LLC
450 East Palm Canyon LLC
Trustees Deed
related
—
Oct 22, 2018
—
450 East Palm Canyon LLC
—
Deed
related
$1,500,000 · Kronsberg Family Trust (pt)
May 30, 2017
—
450 East Palm Canyon LLC
Redding,gabriella
Quit Claim Deed
—
Oct 26, 2016
—
Roberson Funaro LLC
Roberson Funaro LLC
Quit Claim Deed
related
—
Oct 26, 2016
$2,500,000
Gabriella Redding
Roberson Funaro LLC
Grant Deed
$637,116 · Private Individual
Apr 19, 1999
—
Warner Entertainmt Etal Time
Casitas,laquita
Grant Deed
related
—
Aug 5, 1998
$532,000
Casitas Laquinta LLC
Mc Carty,gregg
Grant Deed
$372,400 · Pacific National Bank
Jan 12, 1998
$125,000
Gregg Mccarty
Sinay,laurette L
Grant Deed
related
$47,226 · Seller
Feb 14, 1996
$222,500
Laurette L Sinay
Us Small Business Admn
Grant Deed
$180,000 · Us Small Business Admn
Apr 24, 1995
$254,998
Us Small Business Admin
Best,sharon T
Trustees Deed
—
Feb 10, 1995
—
Charles Etal Best
Best,sharon
Quit Claim Deed
related
—
Jun 1, 1989
—
Sharon T Best
Scherer Clifford
Quit Claim Deed
related
—
Mar 1, 1988
$42,318
Sharon Best
Burne
Grant Deed
related
$543,093 · Burnett E J
—
—
Sharon T Best
—
Deed Of Trust
related
$518,000 · Money Store California
—
—
Sharon T Best
—
Deed Of Trust
related
$30,000 · Jrc Funding INC
—
—
450 East Palm Canyon LLC
—
Deed Of Trust
related
$1,500,000 · Kronsberg Family Trust (pt)
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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