Technical
Financial
Distress signals
Property profile

74614 Driftwood Dr Palm Desert, CA 92260

OFF-MARKET
Apartment buildings
Property ID
US09-4167218
4,412 SF 0.18 ac lot Built 1985
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1985
Construction WOOD
Total area 4,412 SF
Lot 0.18 ac (7,840 SF)
Zoning code R303
APN 625-162-043
UPID US09-4167218

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

74614 Driftwood Dr Palm Desert, CA 92260-4562
Palm Desert metro Census 45117 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
$1.10M
Comparable Approach Comparable
$740k
Blend (final) Blend
$940k

Owner & transaction history

since 2021
Last sale
$880,000
7 recorded transactions
2022
Price N/A
2021
$880,000
2007
$865,000
2003
$490,000
1993
$305,663
1991
$80,000
1988
$76,000

Zoning & alternative use

R303 · Palm Desert, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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