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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Apartment buildings
567 Desert Way Palm Springs, CA 92264-1121
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0135056
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1776
Construction
TILT-UP CONCRETE
Total area
3,816 SF
Lot
0.23 ac (10,018 SF)
Zoning code
R2
APN
680-033-009
UPID
US09-0135056
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
$1.26M
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.07M
Owner & transaction history
Yue Ren Chen · 4 yrs held
Yue Ren Chen
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
R2 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+18.4%
Warehouse, storage
$1.5M
+11.2%
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
$1,430,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,390,000
Current use
AUTO REPAIR, GARAGE
$1,650,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,545,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,385,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.06M (Jan 26 2022)
Last sale anchor
$1.06M
Jan 26 2022
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
$279 / 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
$8,041
Tax year 2024
Assessed value
$558,836
Assessed 2024
Previous assessed
$558,836
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$108,157
Assessed improvement
$450,679
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
Off-Market
Year built
1776
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
5
Total area
3,816 SF
Lot
0.23 ac (10,018 SF)
Zoning code
R2
APN
680-033-009
UPID
US09-0135056
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1776
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
5
Lot
0.23 ac
Current owner
From public records · entity-resolved
Yue Ren Chen
Individual
Mailing address
1236 S 9TH AVE, ARCADIA, CA 91006-4421
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Yue Ren Chen
Yue Ren Chen
Intrafamily Transfer
related
$285,000 · Us Bank Trust Co NA
Aug 8, 2006
$1,055,000
Mps INC
Leiter Family 1978 Trust
Grant Deed
—
Sep 30, 2003
—
Brian G Bean
Bean,alisa R
Quit Claim Deed
related
—
Sep 30, 2003
$700,000
Leiter,tr
Bean,brian G
Grant Deed
—
May 19, 1999
$175,000
Brian G Bean
Knowlton,h J & Elberta C
Grant Deed
$127,500 · Hemet Federal Savings & Loan
Nov 18, 1996
$80,000
Knowlton,h J & Elberta C
Palm Springs Professional Arts
Trustees Deed
—
Oct 11, 1996
$100,000
Springs Professional Arts Palm
Lines,curtis P
Grant Deed
—
Oct 11, 1995
$110,000
Lines,curtis P
Palm Springs Professional Arts
Trustees Deed
$105,000 · Seller
Jun 15, 1995
$104,600
Springs Professional Arts Palm
Afinowicz,john R
Grant Deed
—
Nov 1, 1988
$36,000
John R Apinowicz
Cameron Walter E
Grant Deed
related
—
Jun 1, 1988
$160,000
Walter E Cameron
Palm Springs Pro
Grant Deed
$135,120 · Palm Springs Pro
—
—
Knowlton H J
—
Deed Of Trust
related
$95,000 · Individual
—
—
Brian G Bean
—
Deed Of Trust
related
$180,000 · Quaker City Bank
—
—
Brian G Bean
—
Deed Of Trust
related
$195,000 · Quaker City Bank
—
—
Knowlton H J
—
Deed Of Trust
related
$240,000 · Palm Springs Professional Arts
—
—
Brian G Bean
—
Deed Of Trust
related
$30,000 · Individual
—
—
John R Afinowicz
—
Deed Of Trust
related
$104,596 · Palm Springs Profess
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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