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Property profile & analytics
OFF-MARKET
Estimated value
$5,905,000
Apartment buildings
73200 Tumbleweed Ln Palm Desert, CA 92260-4221
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2695435
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
21,454 SF
Lot
1.02 ac (44,431 SF)
Zoning code
R304
APN
627-251-009
UPID
US09-2695435
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
-
Cornelius Window Cleaning General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.35M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$5.91M
Owner & transaction history
El Paseo Apartment Company LP · 6 yrs held
El Paseo Apartment Company LP
since 2019
6 recorded transactions
Zoning & alternative use
R304 · Palm Desert, 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 Desert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Desert 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%
$5,790,000
6.5%
$5,345,000
7%
$4,960,000
Blend value · Realmo final
$5.91M
Range $5.31M – $6.50M · ±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
$275 / 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
$69,980
Tax year 2024
Assessed value
$4,831,157
Assessed 2024
Previous assessed
$4,831,157
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,072,201
Assessed improvement
$3,758,956
Applied tax rate
18.0000
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
1974
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
25
Total area
21,454 SF
Lot
1.02 ac (44,431 SF)
Zoning code
R304
APN
627-251-009
UPID
US09-2695435
Jurisdiction
RIVERSIDE
Zoning & alternative use
R304 · Palm Desert, CA
Zoning R304 · permitted uses
R304 · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Desert. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
25
Lot
1.02 ac
Current owner
From public records · entity-resolved
El Paseo Apartment Company LP
Entity
Mailing address
8141 2ND ST STE #300, DOWNEY, CA 90241-3612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2019
$4,500,000
El Paseo Apartment Company LP
Laith F Cotta
Grant Deed
$2,125,000 · Jpmorgan Chase Bank NA
Jan 24, 2013
—
Cotta Family Living Trust
Cotta Family Trust
Quit Claim Deed
related
$850,000 · Provident Savings Bank
May 15, 1998
—
Laith F Etal Cotta
Cotta,laith F Etux
Quit Claim Deed
related
—
Dec 16, 1997
$780,000
Laith F Cotta
Frasier Trust
Grant Deed
related
$580,250 · Seller
Apr 1, 1988
$497,000
Jordan D Frasier
Shavelle Henry S
Grant Deed
related
—
—
—
Cotta,tr
—
Deed Of Trust
related
$850,000 · Washington Mutual Fsb
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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