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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Apartment buildings
73820 Larrea St Palm Desert, CA 92260-4360
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1878293
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
7,661 SF
Lot
0.46 ac (20,037 SF)
Zoning code
R320
APN
627-271-008
UPID
US10-1878293
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
-
BEST POOL TILE CLEANING (Bike/Boat/Book/etc) Store
-
Joseph's Janitorial General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.51M
Owner & transaction history
Larreasm LP · 2 yrs held
Larreasm LP
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
R320 · 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
$1,505,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
$2,065,000
6.5%
$1,910,000
7%
$1,770,000
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10% · vs last sale $1.50M (Mar 20 2024)
Last sale anchor
$1.50M
Mar 20 2024
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
$196 / 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
$29,182
Tax year 2024
Assessed value
$2,013,679
Assessed 2024
Previous assessed
$2,013,679
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$401,925
Assessed improvement
$1,611,754
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
1961
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Total area
7,661 SF
Lot
0.46 ac (20,037 SF)
Zoning code
R320
APN
627-271-008
UPID
US10-1878293
Jurisdiction
RIVERSIDE
Zoning & alternative use
R320 · Palm Desert, CA
Zoning R320 · permitted uses
R320 · 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
1961
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Lot
0.46 ac
Current owner
From public records · entity-resolved
Larreasm LP
Entity
Mailing address
73585 FRED WARING DR STE #202, PALM DESERT, CA 92260-7802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
—
Larreasm LP
Larreasm LP
Intrafamily Transfer
related
$1,395,000 · Mechanics Bank
May 6, 2021
—
Larreasm LP
Vishakha Shah
Quit Claim Deed
related
—
Mar 29, 2019
—
Shah Family Trust
—
Deed
related
$1,500,000 · Rabobank
Nov 28, 2017
—
Suresh C Shah
Shah,suresh C
Quit Claim Deed
related
—
Feb 2, 2012
—
Suresh C Shah
Vishakha Shah
Intrafamily Transfer
related
$760,000 · Cib Investments LLC
Apr 21, 2006
$1,503,500
Suresh C Shah
Black,armour E
Grant Deed
—
Mar 8, 2005
—
Armour E Black
Black,suzanne S
Quit Claim Deed
related
—
Mar 8, 2005
$775,000
Armour E Black
Takacs,alexander
Grant Deed
$575,000 · Alexander Takacs
—
—
Shah Family Trust
—
Deed Of Trust
related
$1,500,000 · Rabobank
—
—
Suresh C Shah
—
Deed Of Trust
related
$500,000 · Thapar K M Living Trust (lt)
—
—
Alexander Takacs
—
Deed Of Trust
related
$164,143 · Johnston/williamson
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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