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Property profile & analytics
OFF-MARKET
Apartment buildings
68480 Kings Rd Cathedral City, CA 92234-7752
Trust Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0995940
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.31 ac (13,503 SF)
Zoning code
R2B
APN
687-097-007
UPID
US09-0995940
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
-
Interior Arts & Design Artist Painter
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
Alkana Family Trust · 14 yrs held
Alkana Family Trust
since 2011
5 recorded transactions
Zoning & alternative use
R2B · Cathedral City, 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 Cathedral City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cathedral City 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
$14,181
Tax year 2024
Assessed value
$467,244
Assessed 2024
Previous assessed
$467,244
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$92,349
Assessed improvement
$374,895
Applied tax rate
19.0000
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
Heating
NONE
Units
7
Lot
0.31 ac (13,503 SF)
Zoning code
R2B
APN
687-097-007
UPID
US09-0995940
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2B · Cathedral City, CA
Zoning R2B · permitted uses
R2B · Cathedral City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cathedral City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
7
Lot
0.31 ac
Current owner
From public records · entity-resolved
Alkana Family Trust
Trust
Mailing address
73070 DEER GRASS DR, PALM DESERT, CA 92260-6084
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2011
$375,000
Alkana Family Trust
Olsen,rhonda L
Grant Deed
—
Jan 31, 2001
$345,000
Rhonda L Olsen
Wrener,chris
Grant Deed
$212,500 · Washington Mutual Fsb
—
—
Rhonda L Olsen
—
Deed Of Trust
related
$383,500 · East West Bank
—
—
Rhonda L Olsen
—
Deed Of Trust
related
$490,000 · Union Bank Of California
—
—
Rhonda L Olsen
—
Deed Of Trust
related
$70,000 · Stemmer Family Trust
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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