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Property profile & analytics
OFF-MARKET
Estimated value
$2,555,000
Apartment buildings
69150 Gerald Frd Dr Cathedral City, CA 92234-1724
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3060486
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
13,332 SF
Lot
3.07 ac (133,729 SF)
Zoning code
R2B
APN
673-250-006
UPID
US09-3060486
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
$3.32M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$2.56M
Owner & transaction history
Cannon Equity Partners Xi LLC · 7 yrs held
Cannon Equity Partners Xi LLC
since 2018
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,595,000
6.5%
$3,320,000
7%
$3,085,000
Blend value · Realmo final
$2.56M
Range $2.30M – $2.81M · ±10%
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
$192 / 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
$113,420
Tax year 2024
Assessed value
$7,679,845
Assessed 2024
Previous assessed
$7,679,845
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,531,102
Assessed improvement
$6,148,743
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
Year built
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Total area
13,332 SF
Lot
3.07 ac (133,729 SF)
Zoning code
R2B
APN
673-250-006
UPID
US09-3060486
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
Year built
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Lot
3.07 ac
Current owner
From public records · entity-resolved
Cannon Equity Partners Xi LLC
Entity
Mailing address
6349 RIVERSIDE AVE #2, RIVERSIDE, CA 92506-3163
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
—
Cannon Equity Partners Xi LLC
—
Deed
related
$6,000,000 · First Foundation Bank
Oct 12, 2018
$7,000,000
Cannon Equity Partners Xi LLC
Presidio Park Apartments LLC
Grant Deed
$4,200,000 · Opus Bank
Sep 26, 2014
$940,000
Presidio Park Apartments LLC
Barker Family Trust
Grant Deed
$440,000 · Barker Family Trust (pt)
May 29, 2013
—
Barker Family Trust
—
Trustees Deed
related
$250,000 · Psg Capital Partners INC
Aug 1, 2003
—
Barker,tr
Barker,jeffrey L & Claudia D
Quit Claim Deed
related
—
Jun 16, 2003
—
Jeffrey L Barker
Barker,jeffrey L
Quit Claim Deed
related
—
Jan 25, 1995
—
Converse Apts LP
Barker,jeffrey L
Grant Deed
related
—
Jun 1, 1990
$1,530,000
Jeffrey L Barker
Unknown
Grant Deed
—
—
—
Barker Family Trust
—
Deed Of Trust
related
$3,250,000 · Lesorage LLC
—
—
Barker Family Trust
—
Deed Of Trust
related
$1,100,000 · Del Mar Medical Building LLC
—
—
Barker Family Trust
—
Deed Of Trust
related
$100,000 · Krebs Family Trust (pt)
—
—
Barker Family Trust
—
Deed Of Trust
related
$1,600,000 · Lone Oak Fund LLC
—
—
Barker Family Trust
—
Deed Of Trust
related
$2,300,000 · Anenberg N Family Trust (pt)
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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