66949 Terrace Way, Desert Hot Springs, CA 92240 (MLS# 219152564)

66949 Terrace Way, Desert Hot Springs, CA 92240

New Listing

$590,000

Property Type: Residential Income Bedrooms: 5 Baths: 4 Square Footage: 2,741 Status: Active

Current Price: $590,000 List Date: 9/11/2026 Last Modified: 9/11/2026

Overview

Description

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.

Listing Details MLS# 219152564

General Property Information

Total Units: 4
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Approx SqFt: 2741
SqFt Source: Other
Fireplace: No
Building # of Stories: Yes
Pool: No
Lot Size Source: Assessor
Year Built: 1965
Cross Streets: Verbena Dr

Property Features

Sale Type: Standard Listing Terms: Submit Disclosures: CC & R; None Levels: One Flooring: Tile; Other Cooling Type: Wall/Window Unit(s) Heating: Other Rooms: Other Security Safety: None Sewer: Unknown Parking: Driveway Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 639312003
Original List Price: 590000
Street #: 66949
Street Name: Terrace
Street Suffix: Way
County: Riverside
State: CA
Zip Code: 92240
Area: 340 - Desert Hot Springs
Country: US

Listing Info

Number of Buildings: Yes

Tax Info

Tax Mello Roos: Unknown

Property Info

View: No
Senior Community: No
Gated Community: No

More Information

Status Change Info

Status Change Date: 2026-09-10

Counts

# Electric Meters: 4
# Gas Meter: Yes
# Water Meters: Yes

Listing, Location and Property Info

Entry Date: 2026-09-10
Land Type: Fee
Subdivision: Not Applicable

Sale Type

Standard: Yes

Listing Terms

Submit: Yes

Parking Spaces/Information

Total Covered Spaces: 0
Total Uncovered/Assigned Spaces: 0

Disclosures

CC & R: Yes
None: Yes

Levels

One: Yes

Flooring

Tile: Yes
Other: Yes

Cooling Type

Wall/Window Unit(s): Yes

Heating

Other: Yes

Rooms

Other: Yes

Security Safety

None: Yes

Sewer

Unknown: Yes

Parking

Driveway: Yes

Land Lease Type

Fee Simple: Yes

Listing Office: Equity Union

Listing Agent: Kristopher J Maddock

Last Updated: September - 11 - 2026

Information deemed reliable but not guaranteed.