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Off market
  • $386,000

    81 Panorama Dr, Thermal, CA 92274

    --beds
    --baths
    --sqft
    Multi Family
    Built in 1965
    -- sqft lot
    $386,000 Zestimate®
    $--/sqft
    $-- Estimated rent

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: May 14, 2025 at 04:26pm

    Source: CRMLS,MLS#: 219129043DAMLS LogoOriginating 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
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