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Triplex with Bungalow Character

1419 E San Jacinto Way, Palm Springs, CA 92262

For Sale
$1,095,000

Residential Income, California Bungalow, Palm Springs, CA

Property Size2,271 SF
Lot Size0.17 Acres
Price / SF$482.17
Days on Market52

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 Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 1
Parking 3
Parking features On Street, Driveway, Guest
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

Additional Details

Tenant in Place Yes
Individually Metered Utilities gas, electricity

Utilities

Heating system Central
Cooling system Central Air

Amenities

mountain views
off-street parking
private fenced yards
pet friendly

Building Details

Year built 1937
Floors in Building 1
Number of units 3
Flooring type Tile
Architectural style Bungalow
Buildings 2
Listing Agency: Berkshire Hathaway HomeServices California Propert
Listed By: Tari Clay · License CA #01280133
Added: Sep 25 Changed: Nov 11 Last Checked: Nov 15 at 3:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

This 2,271-square-foot triplex on a 0.17-acre parcel contains three residences: a two-bedroom, two-bath unit, a one-bedroom, one-bath unit, and a studio with one bathroom. The primary residences include fireplaces, and the property also has patios and private fenced yards. Improvements noted include renovated kitchens and bathrooms, energy-efficient windows, mini-split systems in two units, and a foam roof installed on both structures in 2021. Each residence has separate gas and electric meters. The units are currently leased month to month; the owner covers water and trash. Parking is available in the driveway and on the street, with guest parking also listed.

The property is in Palm Springs’ Movie Colony East area, near shopping, restaurants, Ruth Hardy Park, and Palm Canyon Drive.

Key Highlights

  • Three units: 2‑bedroom/2‑bath, 1‑bedroom/1‑bath, and studio with one bathroom
  • 2,271 square feet on a 0.17‑acre parcel
  • Separate gas and electric meters for all three residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$39,901
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
NOI $39,901 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$525.1K
$459.5K – $612.7K (±1% cap)
NOI $36,760 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$680.4K
$595.3K – $793.8K (±1% cap)
NOI $47,625 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

370
Businesses Nearby

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

Average Price Trend$/SF for Triplexes in Riverside County, CA

$359 Jul
$353 Aug
$343 Sep
$322 Oct

Properties on Market for Triplexes in Riverside County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three separately metered residences offer a mix of two-bedroom, one-bedroom, and studio layouts.
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 units: 2‑bedroom/2‑bath, 1‑bedroom/1‑bath, and studio with one bathroom; 2,271 square feet on a 0.17‑acre parcel; Separate gas and electric meters for all three residences
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