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.
For sale
Listed by: Equity Union • Kristopher Maddock • 760-485-8922
$590,000
66949 Terrace Way, Desert Hot Springs, CA 92240
--beds
--baths
--sqft
Multi Family
Built in 1965
-- sqft lot
$575,000 Zestimate®
$--/sqft
$-- HOA
What's special
Four individual units
- 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#: 219152564DA
Originating 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
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Listed for sale | $590,000+55.3% |
Source: | ||
| 5/13/2020 | Sold | $380,000+58.3% |
Source: | ||
| 3/9/2016 | Sold | $240,000+34.8% |
Source: Public Record Report a problem | ||
| 5/19/2003 | Sold | $178,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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







