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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Apartment buildings
81720 Ave 46 Indio, CA 92201-3934
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-2019960
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD
Total area
930 SF
Lot
8.98 ac (391,168 SF)
Zoning code
C1
APN
608-230-004
UPID
US09-2019960
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
-
Andorra Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$645k
Owner & transaction history
Andorra Apts LLC · 7 yrs held
Andorra Apts LLC
since 2019
7 recorded transactions
Zoning & alternative use
C1 · Indio, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$950,000
+81.6%
Neighborhood: shopping center
$800,000
+52.7%
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 Indio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indio 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$525,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: +82% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$694 / 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
$397,553
Tax year 2024
Assessed value
$28,165,391
Assessed 2024
Previous assessed
$28,165,391
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$5,577,594
Assessed improvement
$22,587,797
Applied tax rate
7.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
3
Total area
930 SF
Lot
8.98 ac (391,168 SF)
Zoning code
C1
APN
608-230-004
UPID
US09-2019960
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Indio, CA
Zoning C1 · permitted uses
C1 · Indio, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indio. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
3
Lot
8.98 ac
Current owner
From public records · entity-resolved
Andorra Apts LLC
Entity
Mailing address
PO BOX 6557, LANCASTER, CA 93539-6557
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2019
$25,500,000
Andorra Apts LLC
Griffin Property Investments LLC
Grant Deed
$16,575,000 · Axos Bank
Apr 17, 2014
$15,050,000
Griffin Property Investments L
Roc II Ca Andorra LLC
Grant Deed
$10,438,000 · Berkeley Point Cap
May 22, 2012
$12,025,000
Roc II Ca Andorra LLC
Us Bank NA Series 2006-c29
Grant Deed
$8,348,000 · Key Bank NA
May 24, 2011
$8,000,000
Us Bank NA Series 2006-c29
Fidelity National Title Co
Trustees Deed
related
—
Aug 24, 2006
—
Andorra Apartments Investors LP
Kw Pccp Del Mar LLC
Grant Deed
$15,500,000 · Wachovia Bank NA
Sep 17, 2003
—
Mazurek,tr
Mazurek,tr
Quit Claim Deed
related
$12,100,000 · Merrill Lynch Capital
Jan 28, 1993
—
Mazurek,trust
Mazurek,richard
Quit Claim Deed
related
$3,000,000 · Omaha Woodmen Lif
—
—
Curtis L Labeda
—
Deed Of Trust
related
$25,000 · Lbns Employees FCU
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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