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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Apartment buildings
45998 Ocotillo Dr Palm Desert, CA 92260-4642
Individually Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2610497
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
TILT-UP CONCRETE
Total area
2,646 SF
Lot
0.45 ac (19,602 SF)
Zoning code
R320
APN
628-082-004
UPID
US10-2610497
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
$435k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$620k
Owner & transaction history
Bryan Wong · 17 yrs held
Bryan Wong
since 2009
7 recorded transactions
Zoning & alternative use
R320 · Palm Desert, 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 Desert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Desert 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
$435,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$234 / 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
$15,172
Tax year 2024
Assessed value
$956,141
Assessed 2024
Previous assessed
$956,141
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$216,024
Assessed improvement
$740,117
Applied tax rate
18.0000
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
8
Total area
2,646 SF
Lot
0.45 ac (19,602 SF)
Zoning code
R320
APN
628-082-004
UPID
US10-2610497
Jurisdiction
RIVERSIDE
Zoning & alternative use
R320 · Palm Desert, CA
Zoning R320 · permitted uses
R320 · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Desert. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
8
Lot
0.45 ac
Current owner
From public records · entity-resolved
Bryan Wong
Individual
Free & Clear · 17 yrs held
Mailing address
1394 KEMPTON AVE, MONTEREY PARK, CA 91755-4034
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2009
—
Bryan Wong
Wong,nicola
Quit Claim Deed
related
—
Oct 28, 2008
—
Gregory Wong
Wong,bryan
Quit Claim Deed
related
$37,864 · Vincent Wong
Sep 18, 2008
—
Wong Family Bypass Trust
Kewalo Palms LLC
Grant Deed
—
Sep 18, 2008
$1,050,000
Kewalo Palms LLC
P & L Ents
Grant Deed
—
Jan 31, 2003
$685,000
Triangle Venture
Husmann,john S
Grant Deed
—
Dec 12, 2000
$440,000
John S Husmann
Imp,nicholas & Lorraine
Grant Deed
$265,000 · Masser Trust
Jul 1, 1988
$330,000
Nicholas Imp
Gritsonis John
Grant Deed
—
—
—
John S Husmann
—
Deed Of Trust
related
$254,000 · Washington Mutual Fsb
—
—
Nicholas Imp
—
Deed Of Trust
related
$60,000 · Coast Federal Bank
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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