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For sale
  • Listed by: Equity Union • Kristopher Maddock • 760-485-8922
    $590,000

    66949 Terrace Way, Desert Hot Springs, CA 92240

    --beds
    --baths
    --sqft
    : 
    $4,240/mo
    Get pre-qualified
    Multi Family
    Built in 1965
    -- sqft lot
    $575,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Four individual units
    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.
    25 days
    109
    6

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristopher Maddock DRE #01485000 760-485-8922,

    Equity Union,

    Brandy Nelson DRE #01471742 760-592-1571,

    Equity Union

    Source: CRMLS,MLS#: 219152564DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

      Facts & features

      Interior

      Rooms
      • Room types: Other
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Wall/Window Unit(s)
      Features
      • Flooring: Tile
      • Has fireplace: No

      Property

      Parking
      • Parking features: Driveway
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 0.34 Acres
      Details
      • Parcel number: 639312003
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • New construction: No
      • Year built: 1965

      Utilities & green energy

      • Sewer: Unknown

      Community & HOA

      Community
      • Subdivision: Not Applicable-1
      Location
      • Region: Desert Hot Springs

      Financial & listing details

      • Tax assessed value: $423,892
      • Date on market: 9/10/2026
      • Cumulative days on market: 25 days
      • Listing terms: Submit

        Estimated market value

        $575,000

        $546,000 - $604,000

        $2,106/mo

        Price history

        DateEventPrice
        9/11/2026Listed for sale$590,000+55.3%
        Source: Greater Palm Springs Realtors #219152564 Report a problem
        5/13/2020Sold$380,000+58.3%
        Source: CRMLS #PW19261385 Report a problem
        3/9/2016Sold$240,000+34.8%
        Source: Public Record Report a problem
        5/19/2003Sold$178,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $423,892 +2%
        2025$7,690 -24.9%$415,581 +2%
        2024$10,243 +3%$407,434 +2%
        2023$9,942 +4.3%$399,446 +2%
        2022$9,534 +8%$391,614 +2%
        2021$8,826 +47.7%$383,936 +47.8%
        2020$5,977 +1.2%$259,782 +2%
        2019$5,906 +2.6%$254,689 +2%
        2018$5,756 +2.9%$249,696 +2%
        2017$5,591 $244,800 +12.4%
        2016$5,591 +76.1%$217,759 +25.7%
        2015$3,174 +3.3%$173,250 +5%
        2014$3,072 $165,000
        2013-- $165,000
        2012-- $165,000
        2011-- $165,000 -17.4%
        2010-- $199,712 -0.2%
        2009-- $200,188 +2%
        2008-- $196,264 +2%
        2007-- $192,417 +2%
        2006-- $188,645 +2%
        2005-- $184,947
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 92240

        Getting around

        34 / 100
        Car-Dependent
        29 / 100
        Some Transit
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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