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.
For sale
Listing Provided by:
Kate Rust DRE #01267678 760-837-1880,
Wilson-Meade Commercial Real Estate
$715,000
81 Panorama Dr, Thermal, CA 92274
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$680,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 73 days
- on Zillow |
- 177 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: May 14, 2025 at 04:26pm
Listing Provided by:
Kate Rust DRE #01267678 760-837-1880,
Wilson-Meade Commercial Real Estate
Source: CRMLS,MLS#: 219129043DA
Originating MLS: California Desert AOR & Palm Springs AOR

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Facts & features
Interior
Rooms
- Room types: Living Room
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: 0.3 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 & HOA
Community
- Subdivision: Salton City
Location
- Region: Thermal
Financial & listing details
- Annual tax amount: $10,818
- Date on market: 4/24/2025
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan
- Tenant pays: Cable TV
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