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Property profile & analytics
FOR SALE
Apartment buildings
521 Desert Way Palm Springs, CA 92264
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-0524001
For Sale
1 / 61
$1,357,900
521 Desert Way, Palm Springs, CA 92264
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
2,372 SF
Lot
0.23 ac (10,018 SF)
Zoning code
R2
APN
680-033-011
UPID
US09-0524001
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mark Bluwdell · 14 yrs held
Mark Bluwdell
since 2012
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
—
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
$5,062
Tax year 2024
Assessed value
$320,891
Assessed 2024
Previous assessed
$320,891
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$75,356
Assessed improvement
$245,535
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
For Sale
Year built
1963
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
2,372 SF
Lot
0.23 ac (10,018 SF)
Zoning code
R2
APN
680-033-011
UPID
US09-0524001
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
1963
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mark Bluwdell
Individual
Mailing address
521 DESERT WAY APT #3, PALM SPRINGS, CA 92264-1116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
—
Mark Blundell
—
Deed
related
$224,829 · Sun Cmnty FCU
Sep 20, 2019
—
Mark Blundell
—
Deed
related
$200,000 · Sun Cmnty FCU
Jul 5, 2019
—
Mark Blundell
—
Deed
related
$150,000 · Sun Community FCU
Jun 12, 2012
—
Mark Bluwdell
Bluwdell,mark
Quit Claim Deed
related
—
Apr 19, 2011
$210,000
Mark Blundell
Perron M M Living Trust
Grant Deed
$137,000 · Rochford Living Trust (lt)
Oct 13, 2010
—
Perron Mary M Living Trust
Esteban,mary
Grant Deed
related
—
Mar 26, 2010
—
Mary Esteban
Esteban,arnel
Quit Claim Deed
related
—
May 12, 2006
—
Arnel Esteban
Esteban,arnel
Quit Claim Deed
related
—
Jul 30, 1998
—
Arnel Esteban
Esteban,mary
Quit Claim Deed
related
—
Jul 30, 1998
$21,500
Esteban,arnal
Jackson,gary & Frances
Trustees Deed
related
—
Apr 1, 1989
$160,000
Gary Jackson
Burin Zvonimir
Grant Deed
$20,163 · Burin Zvonimir
—
—
Arnel Esteban
—
Deed Of Trust
related
$218,201 · Perron Trust
—
—
Mark Blundell
—
Loan Modification
related
$200,000 · Sun Cmnty FCU
—
—
Mark Blundell
—
Loan Modification
related
$224,829 · Sun Cmnty FCU
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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