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.
Off market
Zestimate®
$386,000
81 Panorama Dr, Thermal, CA 92274
--beds
--baths
--sqft
Multi Family
Built in 1965
-- sqft lot
$386,000 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 14, 2025 at 04:26pm
Source: CRMLS,MLS#: 219129043DA
Originating MLS: California Desert AOR & Palm Springs AOR
Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Appliances
- Included: Electric Water Heater, Gas Range
Features
- Flooring: Concrete
- Has fireplace: No
Property
Parking
- Total spaces: 8
- Parking features: Driveway
- Uncovered spaces: 8
Features
- Has view: Yes
- View description: Desert, Hills, Mountain(s)
Lot
- Size: 0.30 Acres
- Features: 2-5 Units/Acre
Details
- Parcel number: 001071016000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Unknown
Community & neighborhood
Location
- Region: Thermal
- Subdivision: Salton City
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan
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$386,000
2% more+$7,720
With Zillow Showcase(estimated)$393,720