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Property profile & analytics
FOR SALE
Hotels
530 E Mel Ave Palm Springs, CA 92262
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3193686
For Sale
1 / 38
$1,950,000
530 E Mel Ave, Palm Springs, CA 92262
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1946
Construction
WOOD
Total area
4,072 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R2
APN
507-061-021
UPID
US09-3193686
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
-
THE WESTCOTT Boutique Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Ps Mel Street LLC
Ps Mel Street LLC
since 2026
Last sale
$1.8M
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
Method
Estimation
Statistic approach
$1,565,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.80M (Jun 4 2025)
Last sale anchor
$1.80M
Jun 4 2025
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
$415 / 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
$38,573
Tax year 2024
Assessed value
$1,394,394
Assessed 2024
Previous assessed
$1,394,394
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$278,877
Assessed improvement
$1,115,517
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
Stories
1
Units
10
Total area
4,072 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R2
APN
507-061-021
UPID
US09-3193686
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
1946
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ps Mel Street LLC
Entity
Mailing address
400 N TUSTIN AVE STE #460, SANTA ANA, CA 92705-3845
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Ps Mel Street LLC
Ps Mel Street LLC
Deed
related
—
Jun 4, 2025
$1,796,500
Ps Mel Street LLC
U S Small Business Administration
Grant Deed
$1,165,000 · Allstar Capital Group INC
Jul 1, 2024
$846,000
U S Small Business Administration
Westcott Hospitality LLC
Trustees Deed
related
—
Aug 1, 2017
—
Westcott Hospitality LLC
—
Deed
related
$417,000 · Southland Economic Dev
Jul 14, 2017
$1,325,000
Westcott Hospitality LLC
Santony Investments LLC
Grant Deed
$677,300 · Pacific Enterprise Bank
Dec 11, 2013
$368,500
Santony Investments LLC
Jay Corp
Grant Deed
—
Sep 24, 2009
$807,500
Jay Corporation
Reprop Financial Mortgage Investors
Grant Deed
$757,500 · Reprop Financial Mortgage Investors
Aug 7, 2009
$105,100
Reprop Financial
Plm Lender Services INC
Trustees Deed
related
—
May 11, 2006
—
Paul Lubin
—
Trustees Deed
related
$720,000 · Reprop Investments INC
Oct 1, 2003
$705,000
Paul Lubin
Fisher,robert D
Grant Deed
$387,500 · Interbay Funding LLC
Oct 29, 1999
$269,000
Fisher,robert D
—
Grant Deed
related
$280,000 · Imperial Bank
Dec 12, 1996
$125,000
Vern T Vilhauer
American Savings Bank
Grant Deed
$110,000 · American Savings Bank
May 11, 1995
$121,112
American Savings Bank
Persic,john & Mira
Trustees Deed
related
—
May 26, 1993
—
Ramona Mendez
Persic,john & Mi
Grant Deed
related
—
Mar 1, 1989
$240,000
John Persic
Von Esch Bill C
Grant Deed
$174,476 · Charlton James A
May 1, 1988
—
Bill C Vonesch
Vonesch Barbara
Quit Claim Deed
related
$175,000 · Vonesch Barbara
May 1, 1988
$210,000
Bill C Vonesch
Charlton James A
Trustees Deed
—
—
—
John Persic
—
Deed Of Trust
related
$287,000 · American Savings Bank
—
—
Robert D Fisher
—
Deed Of Trust
related
$7,500 · Classic Homes LLC
—
—
Santony Investments LLC
—
Loan Modification
related
—
—
—
Jay Corp
—
Deed Of Trust
related
$857,000 · Pacific Enterprise Bank
—
—
Westcott Hospitality LLC
—
Deed Of Trust
related
$417,000 · Southland Economic Dev
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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