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

Bedrooms-- Baths0.0

Monthly Estimate*

^$ 4,075

Listed by Kristopher Maddock, Equity Union, kris@kmaddock.com

66949 Terrace Way, Desert Hot Springs, CA 92240 - Image 1

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66949 Terrace Way, Desert Hot Springs, CA 92240 - Image 8

66949 Terrace Way, Desert Hot Springs, CA 92240 - Image 9

66949 Terrace Way, Desert Hot Springs, CA 92240 - Image 10

66949 Terrace Way, Desert Hot Springs, CA 92240 - Image 11

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

for $590,000. This home was built in 1965 on a lot size of 0.34.

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

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.34

Year Built

1965

Town/City

Desert Hot Springs

County/Region

Riverside

MLS | Web ID

219152564DA

Days on Market

Features

General

Sewer Unknown

Cooling Wall/Window Unit(s)

HOA Fee 0

Garage Spaces 0

Year Built 1965

Stories Count 1

Levels One

County Riverside

New Construction false

Property Type Residential Income

Subdivision Name Not Applicable-1

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions Use GPS for assistance.

City Desert Hot Springs

Disclosures Covenants/Restrictions Disclosure

Senior Community Y/N false

Open Parking Spaces 0

Number Of Units Total 4

MLS Area 340 - Desert Hot Springs

Lot Size Units Square Feet

Lot Size Square Feet 14810

Carport Spaces 0

Listing Terms Submit

Property Attached Y/N false

Land Lease Y/N false

Rent Control Y/N false

Standard Status Active

Year Built Source Assessor

Interior

Flooring Tile

Total Stories 1

Air Conditioning Y/N true

Heating Y/N true

Fireplace Y/N false

Total Baths 0

Exterior

Parking Features Driveway

Total Parking 0

Lot Size Area 14810

Number of Buildings 1

Spa false

Lot Size Acres 0.34

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 4

* Excluded Features

List By

Kristopher 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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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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 ^$522,968

Percent of Sale Price 11%

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

4827337 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 a lot size of 0.34. 66949 Terrace Way has 0.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/8/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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66949 Terrace Way

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

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