3-Unit Triplex with
New
For Sale
$1,095,000
1419 E San Jacinto Way, Palm Springs, CA 92262
Three distinct residences include private outdoor areas, fireplaces, and separately metered gas and electric service.
Property Size2,271 SF
Price / SF$482.17
Days on Market7
Property Features for 1419 E San Jacinto Way
General Information
Standard status
Active
Size
2,271 SF
Property subtype
Residential Income
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(760) 323-5000
Listed By:
Tari Clay · License #01280133
(805) 570-9432
Source:
Exprealty
Added: Sep 25
Changed: Sep 30
Last Checked: Sep 30 at 3:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This 2,271-square-foot triplex contains three residences: a two-bedroom, two-bath unit with office space and a fireplace; a one-bedroom, one-bath unit with office space and a fireplace; and a studio casita with one bath. The first two residences have private fenced yards, while the studio has patio space. Each unit has a separate street address, and gas and electricity are individually metered. The property also offers dedicated and off-street parking. The building’s 1936 Spanish-influenced design includes beamed ceilings, and renovations have been completed in recent years.
At the corner of East San Jacinto Way and North Paseo de Anza in Palm Springs, the property is near shopping and restaurants, with Ruth Hardy Park and Palm Canyon Drive a short distance away. Mountain views are also noted.
At the corner of East San Jacinto Way and North Paseo de Anza in Palm Springs, the property is near shopping and restaurants, with Ruth Hardy Park and Palm Canyon Drive a short distance away. Mountain views are also noted.
Key Highlights
- Three residences with 2,271 square feet total
- Unit mix: two‑bedroom, one‑bedroom, and studio casita
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,901
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$798,020
$798.0K
Cap Rate 7%
$570,014
$570.0K
Cap Rate 9%
$443,344
$443.3K
Market Conditions
NOI Build-Up for 2,271 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.0K $25.56/SF
− Vacancy
−$1.0K −$0.46/SF
EGI
$57.0K $25.10/SF
− OpEx
−$17.1K −$7.53/SF
NOI
$39.9K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$798,020
Cap Rate 7%
$570,014
Cap Rate 9%
$443,344
Alternative Uses
Best Use
Multifamily LT 5
$570.0K
$498.8K – $665.0K
NOI $39,901 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$525.1K
$459.5K – $612.7K
NOI $36,760 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$680.4K
$595.3K – $793.8K
NOI $47,625 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences include private outdoor areas, fireplaces, and separately metered gas and electric service.
Where is this triplex located?
The property is located at 1419 E San Jacinto Way Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Three residences with 2,271 square feet total; Unit mix: two‑bedroom, one‑bedroom, and studio casita; Separate gas and electric meters for each unit
