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Property profile & analytics
OFF-MARKET
Estimated value
$7,175,000
Residential income homes
74501 42nd Ave Palm Desert, CA 92260-1997
Individually Owned
3-yr Hold
Property ID
US09-1921567
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2003
Construction
WOOD
Total area
19,785 SF
Lot
12.4 ac (540,144 SF)
APN
624-071-041
UPID
US09-1921567
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
-
Golden Aroma Coffee Cafe & Coffee Shop
-
Perfect Auto Detail Car Wash
-
Paradise of the Desert Limousine & Transportation Services Limousine Service Airport Shuttle Service
-
Labarta Trucking Freight Service Logistics Company
-
Coachella Marketing Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.87M
CAP Approach
CAP
$5.35M
Comparable Approach
Comparable
$6.62M
Blend (final)
Blend
$7.18M
Owner & transaction history
Wash Multifamily Laundry Systems Ll · 3 yrs held
Wash Multifamily Laundry Systems Ll
since 2023
Last sale
$7.9M
2 recorded transactions
Zoning & alternative use
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
$6,380,000
ML approach
$8,865,000
CAP Approach
CAP Return
Estimation
6%
$5,795,000
6.5%
$5,350,000
7%
$4,965,000
Blend value · Realmo final
$7.18M
Range $6.46M – $7.89M · ±10% · vs last sale $7.92M (Apr 23 2021)
Last sale anchor
$7.92M
Apr 23 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
$363 / 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
$70,000
Tax year 2024
Assessed value
$8,486,053
Assessed 2024
Previous assessed
$8,486,053
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$4,032,590
Assessed improvement
$4,453,463
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Total area
19,785 SF
Lot
12.4 ac (540,144 SF)
APN
624-071-041
UPID
US09-1921567
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Lot
12.4 ac
Current owner
From public records · entity-resolved
Wash Multifamily Laundry Systems Ll
Individual
Mailing address
3990 RUFFIN RD STE #100, SAN DIEGO, CA 92123-4805
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
—
Wash Multifamily Laundry Systems Ll
Pd Hovley LP
Release/satis. Of Agrem. Of Sale (fee Property)
related
—
Apr 23, 2021
$7,919,000
Pd Hovley 1r Limited Partnership
Pd Hovley Limited Partnership
Grant Deed
$11,200,000 · Bank Of The West
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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