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Property profile & analytics
FOR SALE
Apartment buildings
66880 Pierson Blvd Desert Hot Springs, CA 92240
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3081723
For Sale
1 / 9
$2,359,000
66880 Pierson Blvd, Desert Hot Springs, CA 92240
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
TILT-UP CONCRETE
Total area
9,216 SF
Lot
0.65 ac (28,314 SF)
Zoning code
R4
APN
639-333-025
UPID
US09-3081723
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
$2.45M
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.37M
Owner & transaction history
Wadih Semaan · 5 yrs held
Wadih Semaan
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
R4 · Desert Hot Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.7M
+16.7%
Medical building
$2.5M
+8.0%
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 Desert Hot Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Desert Hot 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
$2,440,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
$2,485,000
6.5%
$2,295,000
7%
$2,130,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,335,000
Current use
WAREHOUSE, STORAGE
$2,725,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$2,520,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.29M (Apr 30 2021)
Last sale anchor
$2.29M
Apr 30 2021
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
$257 / 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
$19,493
Tax year 2024
Assessed value
$1,522,833
Assessed 2024
Previous assessed
$1,522,833
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$159,181
Assessed improvement
$1,363,652
Applied tax rate
14.0000
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
13
Total area
9,216 SF
Lot
0.65 ac (28,314 SF)
Zoning code
R4
APN
639-333-025
UPID
US09-3081723
Jurisdiction
RIVERSIDE
Zoning & alternative use
R4 · Desert Hot Springs, CA
Zoning R4 · permitted uses
R4 · Desert Hot Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Desert Hot Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
13
Lot
0.65 ac
Current owner
From public records · entity-resolved
Wadih Semaan
Individual
Mailing address
11702 JERRY ST, CERRITOS, CA 90703-7421
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$2,285,000
Wadih Semaan
Qijie Properties LLC
Grant Deed
—
Sep 30, 2014
$1,660,000
Qijie Zhao
Pierson LLC
Grant Deed
—
May 6, 2011
—
Pierson LLC
Silverton Partners INC
Quit Claim Deed
related
—
Dec 30, 2010
$800,000
Silverton Partners INC
Pierson Apartments LLC
Grant Deed
—
Jan 2, 2008
—
Pierson Apartments LLC
Shook,mark R
Grant Deed
—
Feb 9, 2005
—
Mark R Shook
Shook Miles P Trust
Quit Claim Deed
related
—
—
—
Pierson LLC
—
Deed Of Trust
related
$170,000 · Andrea Chang
—
—
Silverton Partners INC
—
Deed Of Trust
related
$200,000 · Yue S Hsiao
—
—
Silverton Partners INC
—
Deed Of Trust
related
$300,000 · Andrea Chang
—
—
Pierson LLC
—
Deed Of Trust
related
$630,000 · Tomatobank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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