66949 Terrace Way Desert Hot Springs, CA ^$ 590,000

66949 Terrace Way

^$ 590,000

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66949 Terrace Way

Desert Hot Springs, CA, 92240

^$ 590,000

Bedrooms5 Baths4.0 Sq 2,741

Monthly Estimate*

^$ 4,075

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Multi-Family Home for sale in Desert Hot Springs, CA

for $590,000 with 5 bedrooms and 4 full baths. This 2,741 square foot home was built in 1965.

Fully occupied income producing 4-plex offering an excellent multifamily investment opportunity in Desert Hot Springs! 66949 Terrace Way features four individual units with a total of 5 bedrooms and 4 bathrooms, providing an established income-producing property for an investor looking to expand their rental portfolio. With all four units currently occupied, this property offers immediate rental income and the opportunity to acquire an existing multifamily asset in the growing Coachella Valley. Conveniently located near shopping, dining, schools, and everyday services, with easy access to Palm Springs and surrounding desert communities. Don't miss this opportunity to add a fully occupied four-unit property to your investment portfolio. Buyer to verify all property information, including square footage, unit configuration, rents, expenses, permits, and intended uses.

Multi-Family Active

Price

^$ 590,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Year Built

1965

Town/City

Desert Hot Springs

County/Region

Riverside

MLS | Web ID

219152564

Features

General

Living Area 2741

Sewer Unknown

Heating Other

Cooling Wall/Window Unit(s)

Garage Spaces 0

Year Built 1965

Levels One

County Riverside

Property Type Residential Income

Subdivision Name Not Applicable

Status Active

City Desert Hot Springs

Senior Community Y/N false

MLS Area 340 - Desert Hot Springs

Carport Spaces 0

Listing Terms Submit

Walk Score 0

Standard Status Active

Interior

Flooring Tile

Total Stories 1

Air Conditioning Y/N true

Heating Y/N true

Fireplace Y/N false

1/4 Baths 0

Total Baths 4

Exterior

Parking Features Driveway

Total Parking 0

Lot Size Area 14810

Spa false

Building Area Total 2741

Lot Size Source Assessor

* Excluded Features

List By

Kristopher J Maddock

Listing Agent

Equity Union

Broker

kris@kmaddock.com

Affordability Calculator

$4,075

Per Month

Monthly Principal & Interest: $4,075
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Desert Hot Springs, CA

Average List Price ^$511,965

Percent of Sale Price 13%

About Desert Hot Springs, CA

28,699 Population

56% Since 2002

^$33,838 Median Income

33.65 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

0 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/11/2026	$590,000		Listed Price

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66949 Terrace Way, Desert Hot Springs, CA, 92240 is a Multi-Family Home for sale at $590,000 with 2,741 sqft. 66949 Terrace Way has 5 bedrooms, 4.0 baths, and was built in 1965. The property's zip code is 92240 which is in Desert Hot Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 9/11/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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66949 Terrace Way

Multi-Family Home for sale in Desert Hot Springs, CA

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