Bungalow
New
For Sale
$1,095,000
1419 E San Jacinto Way, Palm Springs, CA 92262
Residential Income, California Bungalow, Palm Springs, CA
Property Size2,271 SF
Lot Size0.17 Acres
Price / SF$482.17
Days on Market2
Property Features for 1419 E San Jacinto Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1C
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3
Parking
3
Parking features
On Street, Guest, Driveway
Fireplace
1
View
Mountains
Directions
sunrise turn on San Jacinto and up the street on corner of San Jacinto
Subdivision
Palm Springs Central
Standard status
Active
APN
507-246-001
Size
2,271 SF
Lot size
0.17 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
fireplaces
private fenced yard
patios
washer/dryer
pet friendly
Building Details
Year built
1937
Floors in Building
1
Number of units
3
Flooring type
Tile
Architectural style
Bungalow
Listing Agency:
Berkshire Hathaway HomeServices California Propert
(760) 323-5000
Listed By:
Tari Clay · License #01280133
(805) 570-9432
Added: Sep 25
Last Checked: Sep 26 at 11:06PM
MLS# 26992883PS
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,271-square-foot bungalow property contains three residences on a 0.17-acre parcel. The mix includes a two-bedroom, two-bath unit with office space, fireplace, patios, and a fenced yard; a one-bedroom, one-bath residence with office space, fireplace, and fenced yard; and a studio casita with one bath. Washer and dryer equipment or hookups are provided across the units. Gas and electricity are separately metered, and the property is zoned R1C.
The building sits at East San Jacinto Way and North Paseo de Anza in Palm Springs. Shopping and restaurants are nearby, with Ruth Hardy Park and Palm Canyon Drive a short distance away. Parking includes dedicated on-site spaces, driveway parking, and on-street options. All three residences are on month-to-month tenancies.
The building sits at East San Jacinto Way and North Paseo de Anza in Palm Springs. Shopping and restaurants are nearby, with Ruth Hardy Park and Palm Canyon Drive a short distance away. Parking includes dedicated on-site spaces, driveway parking, and on-street options. All three residences are on month-to-month tenancies.
Key Highlights
- Three‑unit property with 2,271 square feet on a 0.17‑acre lot
- Unit mix: two‑bedroom, one‑bedroom, and studio casita
- R1C zoning; gas and electric are separately metered by 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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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered residences offer varied layouts, private outdoor areas, and on-site parking.
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‑unit property with 2,271 square feet on a 0.17‑acre lot; Unit mix: two‑bedroom, one‑bedroom, and studio casita; R1C zoning; gas and electric are separately metered by unit
