81 Panorama Drive, Thermal, CA 92274
  • MLS#: 219129043DA ( )
  • Street Address: 81 Panorama Drive
  • Viewed: 5
  • Price: $715,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 31
  • Additional Information
  • County: RIVERSIDE
  • City: Thermal
  • Zipcode: 92274
  • Subdivision: Salton City
  • Provided by: Wilson-Meade Commercial Real Estate
  • Contact: Kate Kate
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    81 and 83 Panorama Drive is an Investment Opportunity: 8 Unit Multifamily Property in Desert Shores, CA See attached OM for Expenses and Income.Discover a prime investment opportunity with this 8 unit multifamily property located at 81 83 Panorama Drive in the serene community of Desert Shores, California. Priced at $715,000, this property offers a diverse unit mix and significant income potential, making it an ideal addition to any investor's portfolio.Unit Mix: 5 Studios, 2 One Bedroom Units, and 1 Two Bedroom UnitTotal Building Area: Approximately 3,744 sq. ft. across three buildingsParking: Uncovered on site parking availableZoning: R 1 APNs: 001 071 016 & 001 071 017.Investment Potential: This property presents a stable rental income with room for growth through lease optimization and value add improvements. Three units are currently unpermitted, offering the opportunity for additional value through retroactive permitting or redevelopment. Located near State Route 86, the property benefits from high visibility and accessibility, with daily traffic counts of approximately 16,691 vehicles.Buyer to verify all information. Property sold As Is. Two units at 83 Panorama Dr. (The Studio Unit #23 and the Standalone Building Unit #24) and One unit at 81 Panorama Drive are unpermitted. It is unknown when or by whom the unpermitted work was done.*Square Feet: Buyer to verify square footage.
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Features
Appliances
  1. Gas Range
  2. Electric Water Heater
Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Country
  1. US
Electric Expense
  1. 3000.00
Flooring
  1. Concrete
Garage Spaces
  1. 0.00
Gardner Expense
  1. 3600.00
Insurance Expense
  1. 2500.00
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 49957.00
Otherexpense
  1. 350.00
Parcel Number
  1. 001071016000
Parking Features
  1. Driveway
Pest Control Expense
  1. 420.00
Postalcodeplus4
  1. 7173
Property Condition
  1. Updated/Remodeled
Sewer
  1. Unknown
Sourcesystemkey
  1. 20250424210156172325000000:CDAR
Subdivision Name Other
  1. Salton City
Tenant Pays
  1. Cable TV
Trash Expense
  1. 1000.00
Uncovered Spaces
  1. 8.00
View
  1. Desert
  2. Mountain(s)
  3. Hills
Water Sewer Expense
  1. 1000.00
Year Built
  1. 1965